China Ready to Significantly Increase Defense Budget!

Beijing: China has indicated that it is likely to significantly increase its defense budget. Last year, the Dragon announced a defense budget of $232 billion, and this time it is ready to increase it further. China believes that only through powerful military capabilities can peace and sovereignty be safeguarded. As Prime Minister Li Keqiang prepares to present the main budget in Parliament, information regarding the defense budget increase has been revealed.

Compared to the previous year, this increase represents a 7.2% rise. China is engaged in strengthening its military capabilities, focusing on the manufacturing of aircraft and building advanced warships to modernize its armed forces. For this purpose, it has been significantly increasing its annual defense expenditures. Last year, the defense budget was set at $232 billion, which was 7.2% higher than the previous year. Responding to the rise in defense spending, a representative from the National People's Congress opined that only a strong military can preserve peace.

According to a Chinese government official, the increased defense budget is expected to enhance the development of military models, modern warfare technologies, effectively manage security conditions in border regions, and further strengthen military power on the international stage. This decision has caught the attention of international personnel and readers alike. With China's relations with the United States, India, and other Western countries becoming increasingly strained, this rise in the defense budget could lead to more robust defense policies and serve as a warning to other countries about China's military capabilities.

For more information on international news, visit Vaartha's International News section. You can also stay updated with the latest reports on the Vaartha ePaper.