China To Increase Defense Spending By 7.2% This Year

Members of Chinese People’s Liberation Army (PLA) prepare to lay flowers at the Monument to the People’s Heroes during a ceremony on Tiananmen Square to mark Martyrs’ Day, in Beijing, China on September 30, 2021. (Reuters) 

CNBC: China to increase defense spending by 7.2% 

* China is set to increase defense spending this year by 7.2% to 1.56 trillion yuan ($230 billion), according to a draft released Sunday by the Ministry of Finance. 

* China’s defense budget grew by 7.1% last year to 1.45 trillion yuan. 

BEIJING — China is set to increase defense spending this year by 7.2% to 1.56 trillion yuan ($230 billion), according to a draft released Sunday by the Ministry of Finance. 

China’s defense budget grew by 7.1% last year to 1.45 trillion yuan, faster than the 6.8% increase in 2021 and 6.6% climb in 2020, according to official data. 

In 2019, China’s defense spending rose by 7.5% to 1.19 trillion yuan.  

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WNU Editor: The only thing that I can say is that this is a massive increase on top of the massive increases that they have been having for the past few years.

China To Increase Defense Spending By 7.2% This Year  

China: Defense boost to meet ‘complex security challenges’ -- AP  

China cites need to boost military spending as People's Congress meets -- UPI  

China says military budget to increase again by ‘appropriate’ level -- The Guardian  

China Boosting Defense Budget to Respond to Changing Security Situation -- Sputnik



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