BEIJING: China’s defense budget on the background of world events will be fixed. National People’s Congress Spokesperson Wang Chao at the Parliament meeting The relevant instruction has been given. Security Challenges and Sovereignty Responsibilities He said that it is inevitable to increase the defense budget Hum said.
Some states do not comply with international and domestic laws. America is said to be on the verge of insolence. Yes he indicated. China’s defense budget was 23,000 crore dollars last year. It is the second largest grosser after the US, which earned $77,700 crore. Th.
He did not specify how much the increase would be. The Ukraine war and the conflict with the U.S. are countermeasures. China is expected to grow by five percent this year. This is the lowest rate in ten years.
The Parliament meeting also decided to create 1.2 crore city-based jobs. GDP increased by three percent last year. This is the lowest growth rate in a decade. The slowdown in growth is due to Covid restrictions and lower exports.
News Summary – China to increase defense spending by 7.2%