China is raising its defense spendi" />

China to raise defense spending by 7.1% to $229 billion

Above Article Ad
Above Article Ad

[ad_1]

China is raising its defense spending in 2022 by 7.1% to $229 billion, up from a 6.8% increase the year before

BEIJING — China is raising its defense spending in 2022 by 7.1% to $229 billion, up from a 6.8% increase the year before.

Article inline ad #2

China has the world’s second-largest defense budget after the U.S., allowing it to maintain the largest standing military, with 3 million personnel and an arsenal of advanced weaponry, including two aircraft carriers with more on the way, stealth fighters, an advanced missile force and nuclear-powered submarines.

China has maintained the drive to expand and modernize its armed forces despite high levels of government debt and a slowing economy, partly as a result of the coronavirus pandemic.

The government says most of the spending increases will go toward improving welfare for troops. Observers say the budget omits much of China’s spending on weaponry, most of which is developed domestically.

In his address to Saturday’s opening session of the ceremonial legislature, the National People’s Congress, Premier Li Keqiang said China would “fully implement Xi Jinping’s thinking on strengthening the armed forces and the military strategy for the new era … and strengthen party leadership and party building in all aspects of the military.”

Li indicated no change in China’s approach to Taiwan, which it threatens to annex by force if necessary.

China will “advance peaceful growth of relations across the Taiwan Strait and the reunification of China,” Li said. “We firmly oppose any separatist activities seeking Taiwan independence and firmly oppose foreign interference.”

Russia’s invasion of Ukraine sparked conjecture that China might be more disposed to use force against Taiwan if it sensed a lack of resolution on the part of the U.S. and its allies.

[ad_2]

Source link

Below Article Content Ad
Below Article Ad
Below Comments Ad
Back to top button