China’s defense budget for 2023 to increase by 7.2 percent – WORLD
China’s defense budget for 2023 to increase by 7.2 percentIt was announced that China will increase its defense budget by 7.2 percent in 2023.According to the draft budget presented to the annual meeting of the National People’s Congress, China’s defense spending, the world’s second largest economy, rose 7.2% this year compared to last year to 1.553 billion 700 million yuan. (approximately 224 billion 790 million dollars).
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