China continues to splurge with $177 billion defence budget
China announced its defence budget for the coming year during the National People’s Congress (NPC) session on 5 March. Expenditure will rise 7.5% to RMB1.19 trillion ($177.61 billion) on the occasion of the communist country’s 70th anniversary of its founding.
This figure compares with RMB1.107 trillion last year, which represented an increase of 8.1% relative to a year earlier. Chinese defence expenditure has been in single figures for four years in a row now, compared to five years of sustained double-digit growth prior to that.
While this year’s rate of increase is lower than in 2018, it still equates
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 1 free story per week
- Personalised news alerts
- Daily and weekly newsletters
- Free magazine subscription to all our titles
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
- 10-year news archive access
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
More from Defence Notes
-
![US Air Force inches closer to hypersonic capability]()
US Air Force inches closer to hypersonic capability
The US Air Force’s first hypersonic weapon is scheduled to be operational from the B-52 in the autumn of 2023.
-
![All the news from I/ITSEC and talking seabed warfare]()
All the news from I/ITSEC and talking seabed warfare
The Shephard Media news team looks at all the developments in the military training and simulation world, and discovers the trends and challenges in seabed warfare.
-
![Ukraine air defences supplied by West force drop in Russian aircraft sorties]()
Ukraine air defences supplied by West force drop in Russian aircraft sorties
Russia has reduced the number of sorties it is flying above Ukraine considerably, which is likely the result of a continued high threat from Ukrainian air defence systems, mostly supplied by allied nations, according to the UK MoD.
