Search For "china defence budget"
China increases defence spending amidst world chaos
Updated : 4 days, 21 hours ago IST
China has announced a 7 per cent increase in its 2026 defence budget to roughly USD 277 billion. Amidst regional conflicts and military purges, Beijing is prioritising modernisation and "sovereign rights." While feeling vulnerable due to energy dependencies, China is choosing diplomatic enga
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China maintains defence budget growth despite economic travails
Updated : 2 years ago IST
Indeed, according to figures released on the opening day of the Second Annual Session of this formal gathering of China's political leaders, the 2024 defense budget will rise 7.2 per cent to Chinese Yuan (CNY) 1.66554 trillion, which equates to USD 231.4 billion.
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China's defence budget could be far greater than declared
Updated : 2 years, 2 months ago IST
When China announced its 2023 defense budget on 5 March, the figure quoted by the government was CNY 1.5537 trillion (USD224.59 billion). This represented a rise of 7.2 per cent compared to the previous year, the largest percentage increase in the past four years.
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China defends growing military budget, says spending is purely to safeguar
Updated : 3 years ago IST
Tan Kefei, a spokesperson of the People's Liberation Army and People's Armed Police delegation to the first session of the 14th National People's Congress said that China's military spending is purely to safeguard the country's sovereignty, security and interests.
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China sets GDP target at 5 pc, defence budget up by 7.2 pc
Updated : 3 years ago IST
The GDP growth target and China's other development goals were released in the Government Work Report. Chinese Premier Li Keqiang presented the Government Work Report during the first session of the 14th National People's Congress on Sunday, as per the Global Times report.
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China's defence budget continues to rebound
Updated : 4 years ago IST
Hong Kong, March 8 (ANI): Amidst the gravity of bitter fighting in Ukraine as President Vladimir Putin prosecutes his invasion, China announced its defence budget for 2022 on the opening day of its fifth annual session of the 13th National People's Congress (NPC). Usually these annual ann
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China's rebounding defense budget marches on
Updated : 5 years ago IST
Hong Kong, March 8 (ANI): China announced its 2021 defence budget in the fourth session of the 13th National People's Congress in Beijing. The result? A significant increase in military spending compared to a year ago, even while most other countries in the world are diverting funds into
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China hikes defence budget by 7.5 pc to $177.6 billion
Updated : 7 years ago IST
Beijing [China], Mar 5 (ANI): China's defence budget for 2019 has been pegged at 1.19 trillion yuan (about 177.61 billion US dollars), marking an increase of 7.5 per cent over the last year's figure, despite lower economic growth rate ranging between 6 and 6.5 per cent.
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China raises 2018 defence budget by 8.1 percent
Updated : 8 years ago IST
Beijing [China], Mar 5 (ANI): China will raise its defence budget by 8.1 percent in 2018, up from last year's 7 percent, as the communist country looks to shore up its military preparedness, according to a budget report submitted to the national legislature on Monday.
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