The Chinese Navy showed her fighter J-15T at the Zhuhai 2024 air show on November 12, 2024.
Nurphoto | Nurphoto | Getty images
On Wednesday, China increased defense expenses this year by 7.2%, the same growth rate as in the previous two years, because Beijing tries to “definitely protect” his national security.
In the official government report, which will be issued in the parliament, China proposed a national defense budget in the amount of 1.78 trillion yuan (USD 244.99 billion) for the financial year 2025.
The increased defense budget, much above the purpose of China's economic growth this year, of about 5%, comes when Western rule is trying to increase military expenditure to strengthen their own security.
European Union announced On Tuesday, that it can mobilize up to EUR 800 billion ($ 841 billion) to raise support for Ukraine among the Russian full -scale invasion. The move has reported that the United States Suddenly stopped Military assistance for Ukraine.
Budgety China A 7.2% increase in defense expenditure up to 1.67 trillion yuan last year, the same growth rate as in previous year. Beijing has increased expenses 7.1% in 2022 and 6.8% in 2021, in accordance with official data.
Asked on Tuesday about expenses for defense of China, Lou Qinjian, spokesman for the third session of the 14th Congress of Congress, he told reporters that “peace should be secured by force.”
This is in accordance with the official translation of his comments in mandarin.
Lou said that defense expenditure in China as participation in GDP for many years remained below 1.5 percent, adding that this expenditure rate is lower than the global average.
China remains the second largest military field for the USA, which set the military budget for 2025 for $ 850 billion.
The official statement showed that separately expenses for public security were raised by 7.3%, which is a sharp increase compared to 1.4% increase last year.
– Meredith himself from CNBC contributed to this report.