Soldiers of China's People's Liberation Army (PLA) march past Tiananmen Gate during the military parade marking the 70th anniversary of the end of World War Two, in Beijing, China, September 3, 2015 Reuters
CNBC: China will raise defense spending by 7.1% in 2022, faster than last year
* Defense spending is set to rise by 7.1% to 1.45 trillion yuan ($230.16 billion) this year, China’s Ministry of Finance said in a plan released Saturday.
* That’s the fastest pace since 2019, when defense spending grew by 7.5%.
* Total central government expenditures for the general public budget are expected to rise by 14.3% to 13.40 trillion yuan this year, the finance ministry said.
BEIJING — China’s defense spending this year is set to grow at its fastest pace since 2019, according to the Ministry of Finance plan released Saturday.
Defense spending will rise by 7.1% to 1.45 trillion yuan ($230.16 billion) this year, faster than the 6.8% increase in 2021 and 6.6% climb in 2020, according to official data.
China’s defense spending rose by 7.5% in 2019 to 1.19 trillion yuan. Total central government expenditures for the general public budget are expected to rise by 14.3% to 13.40 trillion yuan this year, the finance ministry said.
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More News On china's Defense Budget
China boosts defense budget by 7.1% for 2022 amid complex global situation -- Global Times
Defense budget proposed to grow by 7.1%, military urged to upgrade, remain resolute -- China.org.cn
China to raise defense spending by 7.1% to $229 billion -- AP
China Boosts Military Spending Amid Ukraine Uncertainties -- VOA
China Says Military Spending to Grow 7.1 Percent in 2022 -- Defense Post/AFP
Global Escalation? China Defense Budget Swells to $230 Billion as Russia's Ukraine War Rages -- IBTimes
3 comments:
7.1%...it could be more, it could be less too. How the China's numbers are reliable?
Should spend more to catch up to the US.
Purchasing Power Parity Troll (6:31)
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