China Increases Its Defense Budget By 6.6% For This Year

Defense News: China announces $178.2 billion military budget

MELBOURNE, Australia — China has announced a 6.6 percent growth in its defense budget for this year, its lowest rate of increase for almost three decades.

The growth in China’s defense budget would see spending rise from $167 billion last year to $178.2 billion, an increase of about $11 billion. The country has the second-largest defense budget in the world, behind only the United States.

Despite the growth of China’s defense budget being at its lowest, in percentage terms, since the early 1990s, the 6.6 percent figure only represents a slightly lower figure than the 7-7.5 percent growth many analysts estimated before the pandemic. In real dollar terms, the $11 billion increase in defense spending is the fifth-highest increase ever for the country.

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More News On China Increasing Its Defense Budget By 6.6% For This Year

China slows defense budget growth to 6.6 % in 2020 — Global Times
China Focus: China further lowers defense budget growth to 6.6 pct — Xinhua
China’s 6.6 per cent defence spending boost marks slowest growth in three decades — SCMP
Growth in China’s military budget slows to 6.6% — Japan Times/AFP
China Sees Slowest Defense Budget Growth Since at Least 1991 — Bloomberg
China defense spending rise at three-decade low, still to grow 6.6% — National Post/Reuters
China’s military budget growth slows to 6.6% — CNA
China’s Defense Budget Doubles to $178.2B in a Decade — Defense World

Author: Anchorman

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