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China to increase defence spending by 7.2% this year

China to increase defence spending by 7.2% this year

Last year, China increased its defence budget by 7.2 per cent to about $232 billion -- over three times that of India

5 March 2025 11:10 AM IST

Chinas military budget -- the second largest in the world after the US, though still less than a third of Washingtons -- is set to increase by 6.8 percent in 2021, the finance ministry announced in March. (Representational image: AFP)

China says military spending to grow 7.1 percent in 2022

Some 1.45 trillion yuan ($230 billion) has been set aside for national defence, according to a government budget report

5 March 2022 11:32 AM IST