The Chinese Navy showed off its J-15T fighter jet at the 2024 Zhuhai Air Show on November 12, 2024.
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China increased its defense spending by 7.2% on Wednesday, the same growth rate as the previous two years, as Beijing attempted to “solidly protect” its national security.
In an official government report to be released in parliament, China proposed a defense budget of 1.78 trillion yuan ($244.99 billion) in fiscal 2025.
The increase in defense budget is far higher than China’s economic growth target of about 5% this year, as Western governments try to increase military spending to enhance their own security.
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China’s budget Defense spending increases by 7.2% Last year, it reached 1.67 trillion yuan, with a growth rate of Last year. Expenditures in Beijing have increased 7.1% in 2022 According to official data, it is 6.8% in 2021.
When asked about China’s defense spending on Tuesday, Lou Qinjian, spokesman for the third session of the 14th National People’s Congress, told reporters: “There is a need to be a force to maintain peace.”
This is a formal translation based on his Mandarin speech.
Lu added that since 2016, China’s defense spending has increased only through unit count each year.
China remains the second largest military stock after the United States, setting the 2025 military budget at $850 billion.
