China to increase defence budget 7.2% in 2023

China to increase defence budget 7.2% in 2023

  China has said it would increase its defence spending by 7.2 percent in 2023, compared with 7.1 percent last year, as its outgoing premier warned of growing “external” threats to Beijing’s rise. The country is expected to spend 1.55 trillion yuan ($225 billion) on defence this year, according to a report by the Ministry

 
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Source: China to increase defence budget 7.2% in 2023

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