Войти

The draft budget of the People's Republic of China for 2023 provides for an increase in military spending by 7.2 percent.

1294
0
0
Image source: © AP Photo / Ng Han Guan, File

TSAMTO, March 6. China in 2023 will increase the military budget by 7.2%, to 1553.7 billion. yuan (about $224.8 billion at the current exchange rate). This, as RIA Novosti reports, is stated in the draft budget published on March 5.

"National defense expenditures (will amount to) 1553.7 billion. yuan with an increase of 7.2%," reads the document published at the opening of the annual session of the National People's Congress (NPC).

Wang Chao, the official representative of the first session of the 14th National People's Congress, said at a press conference on March 4 that China is increasing its defense budget based on the need to respond to complex security challenges and fulfill the obligations of a large country. According to him, the modernization of China's armed forces will not pose a threat to any country in the world, the agency notes.

As RIA Novosti reminds, the military budget of the People's Republic of China ranks second in the world in terms of volume after the United States. According to the draft budget for 2022, China planned to increase the military budget to 1.45 trillion. yuan ($209.9 billion), increasing military spending by 7.1% year-on-year. This trend causes concern and criticism of other states, but the Chinese authorities say that the country's military spending is appropriate, and they will maintain moderate and stable growth in accordance with the economic development of the country.

The first session of the National People's Congress (NPC) of the 14th convocation - the country's highest legislative body – opened in Beijing on March 5 and will last until March 13. About 3 thousand delegates from all over the country are taking part in the session, and in the coming days they should determine the main direction of legislative and economic work for the coming year, as well as elect a new leadership of the People's Republic of China, the agency reports.

The rights to this material belong to
The material is placed by the copyright holder in the public domain
  • The news mentions
Страны
Do you want to leave a comment? Register and/or Log in
ПОДПИСКА НА НОВОСТИ
Ежедневная рассылка новостей ВПК на электронный почтовый ящик
  • Discussion
    Update
  • 24.07 07:07
  • 2
Not shy about complexes: the Russian navy began large-scale exercises before Navy Day
  • 24.07 03:42
  • 9714
Without carrot and stick. Russia has deprived America of its usual levers of influence
  • 24.07 01:30
  • 1
ВМС США испытали новую систему перезарядки ракетных установок непосредственно в море
  • 24.07 01:18
  • 1
Не менее 15 судов с военными грузами направят из США в Германию с июля по ноябрь
  • 23.07 21:16
  • 0
Ответ на "«Восточный щит»: заклятые соседи на пороге"
  • 23.07 14:32
  • 0
«Восточный щит»: заклятые соседи на пороге
  • 23.07 02:27
  • 1
Ответ на "В России назвали задачи «ультрасовременного» бомбардировщика США"
  • 23.07 01:32
  • 1
Astronauts were offered to live inside a lunar crater under a "roof"
  • 22.07 10:48
  • 83
Membership in NATO in exchange for territory. Why is Armenia conducting military exercises with the United States
  • 22.07 05:47
  • 0
Ответ на "В Китае назвали лучшее оружие России"
  • 22.07 04:21
  • 2
Ответ на ""Он будет большим": почему Путину стоит бояться новых британских истребителей"
  • 22.07 01:38
  • 3
Infused pair: unmanned boats will be armed with Skvorets-Navy drones
  • 22.07 00:18
  • 0
Ответ на "НАТО разработала грандиозный план борьбы с Россией. Но есть две загвоздки"
  • 21.07 23:10
  • 0
Ответ на "Эксперт Михайлов: Украина хочет бесплатное оружие, предлагая себя как полигон"
  • 21.07 22:34
  • 0
Ответ на "На Западе сравнили российский «Циркон» и американскую SM-6"