That’s up from 1.3 trillion yuan ($180 billion) last year representing a 6.6% boost, the lowest percentage increase in at least two decades. The military budget has dipped during periods of slower economic growth, but has also been dropping steadily from the double-digit percentage increases over years as the increasingly powerful military matures and rapid expansion of what is already the world’s second largest defense budget is no longer required.
fredag 5. mars 2021
China boosts defense spending by 6.8% amid debt, pandemic
China is increasing its defense spending by 6.8% in 2021 as it works to maintain a robust upgrading of the armed forces despite high government debt and the impact of the coronavirus pandemic. A national budget report issued Friday said China would spend 1.355 trillion yuan ($210 billion) on defense in the coming year.
That’s up from 1.3 trillion yuan ($180 billion) last year representing a 6.6% boost, the lowest percentage increase in at least two decades. The military budget has dipped during periods of slower economic growth, but has also been dropping steadily from the double-digit percentage increases over years as the increasingly powerful military matures and rapid expansion of what is already the world’s second largest defense budget is no longer required.
That’s up from 1.3 trillion yuan ($180 billion) last year representing a 6.6% boost, the lowest percentage increase in at least two decades. The military budget has dipped during periods of slower economic growth, but has also been dropping steadily from the double-digit percentage increases over years as the increasingly powerful military matures and rapid expansion of what is already the world’s second largest defense budget is no longer required.
