China said Sunday its military spending would rise at the fastest pace in four years, warning of "escalating" threats from abroad at a meeting of its rubber-stamp parliament that is set to hand Xi Jinping a third term as president.
China said Sunday its military spending would rise at the fastest pace in four years, warning of "escalating" threats from abroad at a meeting of its rubber-stamp parliament that is set to hand Xi Jinping a third term as president.
"The armed forces should intensify military training and preparedness across the board," he said as he presented the government's annual work report to thousands of amassed delegates in Beijing's Great Hall of the People. Top American officials have also repeatedly warned that China may invade Taiwan in the coming years, pointing to Beijing's increasingly assertive military moves around the self-ruled island, which it sees as its own territory and has vowed to bring under its control.
Sunday's conservative economic goals followed China posting just three percent growth last year, missing its stated target of around 5.5 percent by a wide margin as the economy strained under the impact of strict Covid-19 containment policies and a property crisis.
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