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BEIJING: China is raising its defense spending in 2022 by 7.1% to $229 billion, up from a 6.8% increase the year before.
Saturday’s announcement marks a continuation of the robust spending that has given China an increasingly powerful military that is challenging the US armed forces’ dominance of the Indo-Pacific region.
China has the world’s second largest defense budget after the US.
Saturday’s announcement marks a continuation of the robust spending that has given China an increasingly powerful military that is challenging the US armed forces’ dominance of the Indo-Pacific region.
China has the world’s second largest defense budget after the US.
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