Defense Budget Set For US$14 Billion Boost
March 08 2021
China plans to increase its defense budget this year by 6.8 percent, or US$14 billion, reports the state-run Global Times newspaper.
On Friday, the National People's Congress released a draft budget report, which included US$209 billion for the People's Liberation Army.
Defense spending rose by 6.6 percent last year, despite the novel coronavirus (COVID-19) pandemic.
This is the sixth consecutive year of single-digit growth for the defense budget, noted Bloomberg News.
China...
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