×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: China | Congress | Defense Budget

China to Boost Defense Spending by Lowest Rate in Years

China to Boost Defense Spending by Lowest Rate in Years

Thursday, 21 May 2020 10:39 PM EDT

BEIJING (AP) — China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak.

The figure announced Friday is down from the double-digit percentage increases of just a few years ago that have given China the second largest defense budget in the world behind the U.S.

The People’s Liberation Army, the ruling Communist Party’s military wing, is the world’s largest standing military and in recent years has added aircraft carriers, nuclear-powered submarines and stealth fighters to its arsenal, most of them produced domestically.

China says the increases in spending mostly go toward improving conditions for troops, while foreign critics say actual spending could be much higher because many items are not included in the official budget.

The spending will pay to expand China’s navy and acquire advanced aircraft and other weapons to help Beijing enforce its territorial claims in the South China Sea and expand its military presence in the Western Pacific and Indian Ocean.

Defense spending rose by 7.5% last year.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak. The figure announced Friday is down from the double-digit percentage increases of just a few years ago that have given...
China,Congress,Defense Budget
177
2020-39-21
Thursday, 21 May 2020 10:39 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved