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Money China: Smallest defense budget increase in 30 years

14:40  22 may  2020
14:40  22 may  2020 Source:   pressfrom.com

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Jane's Defence Forecasts in 2012 estimated that China 's defense budget would increase from 9.80 billion to 8.20 billion This would make it larger than the defense budgets of all other major Asian nations combined. This is still smaller than the estimated United States defense budget

The defense budget increased 10.1 percent last year , despite falling growth, raising concerns about whether such spending was sustainable. The modest size of the increase appeared to surprise many observers who had been expecting another double-digit increase in line with the military’s higher

CHINA-PARLIAMENT-BUDGET-DEFENSE: China: Smallest defense budget increase in 30 years

CHINE: PLUS FAIBLE HAUSSE DU BUDGET DE LA DÉFENSE EN 30 ANS © Reuters / CARLOS GARCIA RAWLINS CHINA: LOWEST RISK DEFENSE BUDGET IN 30 YEARS

BEIJING (Reuters) - China's military spending will experience its weakest growth in three decades this year, despite posting an increase of 6.6% compared to 2019, as the country is struggling with the economic downturn in the wake of the COVID-19 epidemic and feels exposed to increasing threats.

The budget presented Friday, at the opening of the annual session of the National People's Congress (ANP), the Chinese Parliament, forecasts that military expenditure will amount to 1.268 billion yuan (nearly 163 billion euros) this year.

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Chinese defense spending will rise this year by the smallest amount in more than a decade, figures published by state media showed on Monday, after the omission of The budget increase , a figure that is closely watched around the world for clues to China ’s strategic intentions, comes as economic

" China ’s annual defense budget continues to follow a similar trend like the previous two years , when growth held steady around 7 percent. It’s an evolution. The more worrying one is the defense budget increase in the United States," Carlyle Thayer, emeritus professor at the Australian Defense Force

The second world economic power, heavily penalized by the health crisis linked to the new coronavirus, refrained for the first time from setting an annual growth target and promised to increase its public expenditure but at the same time, the Prime Minister Li Keqiang assured that the Chinese army, the largest in the world, would not be neglected.

While the health crisis has heightened tensions with the United States, China also faces several fronts which, in its view, constitute threats to its internal security.

It does not rule out the use of force if Taiwan, which it considers a rebellious province, formally proclaims its independence and could also be faced with a new wave of protests in Hong Kong.

(Yew Lun Tian, ​​French version Myriam Rivet, edited by Bertrand Boucey)

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