logo
logo
  • Home
  • About Tripura
    • Tripura
    • Governon
    • Chief Minister
    • Council of Ministers
  • Tripura
  • National
  • International
  • Lifestyle
  • Spotlight
  • Sports
  • Jobs/Tender
  • Photo Album

China to increase defence budget by 7.2 pct

By IBNS
Mar 5, 2023 ..

Beijing: China on Sunday announced the draft budget where the country said it will increase the annual defence budget by 7.2 percent.


Analysts told Global Times that the figure marks a reasonable and restrained boost amid military spending sprees by many other countries around the world in light of global security tensions.

It marks that China maintains a single-digit growth for defense budget for the eighth consecutive year since 2016, and a steadily increasing pace since the start of the COVID-19 epidemic in 2020. The growth rate was 6.6 percent in 2020, 6.8 percent in 2021 and 7.1 percent in 2022.

Experts told the newspaper that the defense budget boost is reasonable due to the country's military modernization roadmap, the growing security threats in the world, as well as further optimized COVID-19 policies that encourage economic growth as well as more military diplomatic activities.

A 7.2 percent increase in defense budget means only a 0.1 percentage point higher compared with last year, and it is not high at all taking China's national defense needs and economic development into account, Song Zhongping, a Chinese military expert and TV commentator, told the Global Times on Sunday.

China's GDP growth rate in 2022 was 3 percent, so the defense budget growth is set to be restrained and reasonable, Song said.

China has set its GDP growth target at about 5 percent for 2023.

Leave a Reply
Post comment
Related News
Two Chinese nationals charged with conspiracy, smuggling a dangerous biological pathogen into US
Jun 6, 2025 ..
Taipei: 3000 gather to mark 1989 Tiananmen Square Massacre
Jun 6, 2025 ..
World leaders should keep two-state solution ‘alive’, urges Antonio Guterres
Jun 6, 2025 ..
Australia: 21-year-old injured in targeted shooting in Queensland
Jun 6, 2025 ..
Trump in Epstein files, he should be impeached: Friend-turned-foe Elon Musk 'drops big bomb'
Jun 6, 2025 ..
Newsletter

Subscribe For Northeast Herald News And Receive Daily Updates

logo

Northeast Herald starts its journey from Tripura state capital city Agartala to cover the entire Northeast region of India for the latest news, news photos, and the latest photos to promote the great cultural, historical and traditional identity of the region.

  • Twitter Icon
  • About Tripura
  • About Northeast
  • National News
  • Tripura News
  • International
  • Entertainment
  • Spot Light
  • Article Us
  • Health
  • Lifestyle
  • Top News
  • Sports
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookies Policy
  • Code of Ethic
  • Site Map
  • Rss Feeds

Copyright © Northeast Herald. All Rights Reserved