China and US defense spending are heading in opposite directions ...Middle East

The Hill - News

Earlier this week, on the occasion of the opening of the National People’s Congress, China announced that its defense budget would increase by 7.2 percent in 2023. The official Chinese figure of 1.55 trillion RMB, or about $240 billion, signals the second consecutive year that Beijing’s defense budget rose by more than 7 percent; it increased by 7.1 percent. from 2021 to 2022. Moreover, it marks the 28th consecutive year of increases in Chinese defense spending. The official Chinese figure does not incorporate a number of major spending categories that are counted in American defense budgets. China does not include all elements of its ever-expanding space program. Nor does it include a

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Last updated : 10 March 2023 clock 06:20 PM

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China and US defense spending are heading in opposite directions ...Middle East

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