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World — Military — Defense — China — Us — Taiwan

China Defense Spending to Rise 7.2%, Fastest Pace in 4 Years

China plans to increase defense spending by 7.2% in 2023 to $225 billion, the fastest pace since 2019 amid increasing tensions with the US. US military spending is far higher at $773 billion in 2023.

1 min read
  • China plans to increase defense spending by 7.2% in 2023 to $225 billion.
  • The People’s Liberation Army has increased spending by at least 6.6% annually for the past three decades.
  • China is seeking to build a 'world-class force' by 2027.
  • US military spending is far higher at $773 billion in 2023.
  • China also plans to increase its public security budget by 6.4%.
China Defense Spending to Rise 7.2%, Fastest Pace in 4 Years
China said its defense spending would grow by 7.2% this year — the fastest pace since 2019 amid increasing tensions with the US on a range of issues, including Taiwan.
Bloomberg

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