China on Sunday announced a 7.2 percent increase in its defense budget for the coming year, up slightly from last year’s 7.1 percent rate of increas Know more:
China on Sunday announced a 7.2 percent increase in its defense budget for the coming year, up slightly from last year’s 7.1 percent rate of increase.
China also boasts a massive stockpile of missiles, along with stealth aircraft, bombers capable of delivering nuclear weapons, advanced surface ships and nuclear powered submarines. “The people’s armed forces intensified efforts to enhance their political loyalty, to strengthen themselves through reform, scientific and technological advances, and personnel training, and to practice law-based governance,” Li said.
“We should consolidate and enhance integration of national strategies and strategic capabilities and step up capacity building in science, technology and industries related to national defense.” That includes promoting “mutual support between civilian sectors and the military,” he said. Li set a growth target of “around 5 percent” in his address, as he announced plans for a consumer-led revival of the economy still struggling to shake off the effects of “zero-Covid.”
The modernization effort has prompted concerns among the US and its allies, particularly over Taiwan, the self-governing island democracy that China claims as its territory to be brought under its control by force if necessary.
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