China’s defense spending in 2023 will increase by 7.2%, more than economic growth, according to Reuters.
China will increase defense spending by 7.2% for 2023, slightly ahead of last year’s growth and exceeding modest economic growth forecasts, according to Reuters.
Thus, in the state budget published on Sunday, March 5, 1.55 trillion yuan (224 billion US dollars) was allocated for military spending. The media attributed this to the decision by Prime Minister Li Keqiang, who called on the armed forces to increase their combat readiness.
The defense budget will be closely watched by China’s neighbors and the United States, which are concerned about Beijing’s strategic intentions and its military development, especially as tensions around Taiwan have risen in recent years. last year.
Earlier, the United States threatened Chinese companies in the event of arms supplies to Russia.
Remember, as US State Department spokesman Ned Price said, China’s aid to Russia will have “tragic consequences” and raise questions from other countries about Beijing’s policy.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.