China hikes defence budget by 7.5 percent to $177.61 billion; country second highest spender in world
5 years, 10 months ago

China hikes defence budget by 7.5 percent to $177.61 billion; country second highest spender in world

Firstpost  

China, the world’s second largest military spender after the US, Tuesday announced a 7.5 percent increase in its defence budget for this year, hiking it to a whopping $177.61 billion, over three times that of India. Beijing: China, the world’s second largest military spender after the US, Tuesday announced a 7.5 percent increase in its defence budget for this year, hiking it to a whopping $177.61 billion, over three times that of India. Describing China’s defence budget increases in recent years as reasonable and appropriate, NPC spokesman Zhang Yesui said the raise aimed to “meet the country’s demand in safeguarding national security and military reform with Chinese characteristics”. Compared to other countries, China’s defence budget accounted for 1.3 percent of the GDP, while major developing countries spent two per cent GDP on their defence, Zhang added.

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History of this topic

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?
2 weeks ago

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?

India TV News  

Japan has decided to increase its defence budget to as high as 8.7 trillion yen in 2025. Under the new defence strategy, Tokyo plans to eventually double its annual military spending to around 10 trillion yen, making it the world's No.3 military spender after the United States and China. Understanding Japan's new defence strategy Japan prepares to deploy US-made Tomahawks …

The alarming increase in global debt
3 months, 3 weeks ago

The alarming increase in global debt

New Indian Express  

Global debt has reached around $313 trillion or 330 percent of world GDP, up from around $210 trillion a decade ago. Since 2000, China’s total debt has nearly tripled to around 288 percent of GDP. As a percentage of total output, government debt in Japan, the US and the UK has reached 252 percent, 127 percent and 106 percent, representing …

China's general public budget expenditure rises
4 months, 2 weeks ago

China's general public budget expenditure rises

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. China's general public budget expenditure expanded 2.5 percent year-on-year in the first seven months of 2024 and is poised to maintain a steady growth trend over the coming months, the Ministry of Finance said on Monday. According to the ministry, the country's general public budget expenditure amounted to …

India to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?
5 months, 2 weeks ago

India to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?

Firstpost  

The Centre has allocated Rs 6.21 lakh crore from the Union Budget to defence spending – up from 5.94 lakh crore in 2023. The defence ministry has kept aside Rs 1.05 lakh crore – 75 per cent of the modernisation budget – to buy from Indian firms. The Centre also increased the defence pension budget to Rs 1.41 lakh crore …

China's general budget expenditure up 2% in H1
5 months, 2 weeks ago

China's general budget expenditure up 2% in H1

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. China's general public budget expenditure saw a year-on-year increase of 2 percent in the first six months of 2024, data from the Ministry of Finance showed on Monday. According to the ministry, the country's general public budget expenditure amounted to nearly 13.66 trillion yuan during …

Global defence budget: How much India, Pakistan and China spend on military? Top 10 list
8 months, 2 weeks ago

Global defence budget: How much India, Pakistan and China spend on military? Top 10 list

Hindustan Times  

Global military spending reached $2,443 billion in 2023, marking a significant 6.8 per cent increase from the previous year and the most significant year-on-year rise since 2009, according to new data from the Stockholm International Peace Research Institute. SIPRI report on global military spending | Key points • In 2023, total military expenditure accounted for 2.3 per cent of the …

China's new budget book reveals fiscal priorities for 2024
9 months, 3 weeks ago

China's new budget book reveals fiscal priorities for 2024

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. Greater fiscal input The ultra-long special treasury bonds to be issued over each of the next several years, along with other arrangements including budget deficits, special-purpose bonds, preferential tax and fee policies as well as government subsidies, mark the country's strengthened fiscal …

China ramps up defence budget by 7.2%, India will feel the heat
10 months ago

China ramps up defence budget by 7.2%, India will feel the heat

Hindustan Times  

New Delhi: With the Chinese annual defence budget crossing seven per cent for the third consecutive year even though the economy is slowing down, its political and military ramifications will be felt by its principal adversaries including India this decade. While India is involved in a four -year stand-off with the China on East Ladakh Line of Actual Control, the …

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue
10 months ago

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue

Associated Press  

BEIJING — China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan, roughly mirroring last year’s rise. In the latest dangerous incident, Chinese coast guard ships blocked Philippine vessels off a disputed South China Sea shoal on Tuesday, causing a minor collision, the Philippine coast …

‘Two sessions’: China sets 5 percent growth target, boosts military budget
10 months ago

‘Two sessions’: China sets 5 percent growth target, boosts military budget

Al Jazeera  

Beijing sets one of its lowest targets in decades amid property crisis, slowing exports and population decline. Li said Beijing would push ahead with “transforming the growth model”, including through tax reform, fostering talent in tech, boosting domestic consumption, removing barriers to private investment, and issuing 1 trillion yuan in special government bonds. China’s economic roadmap, which matches last year’s …

Russia to hike defence spending by almost 70% in 2024: Ministry
1 year, 3 months ago

Russia to hike defence spending by almost 70% in 2024: Ministry

The Hindu  

Russia is set to hike defence spending by almost 70 percent in 2024, a finance ministry document published Thursday showed, as Moscow pours resources into its full-scale offensive in Ukraine. The document said defence spending was set to jump by over 68 percent year-on-year to almost 10.8 trillion rubles, totalling around 6 percent of GDP -- more than spending allocated …

Taiwan's Leader Says 2024 Defence Budget to Hit Record $19 Billion
1 year, 4 months ago

Taiwan's Leader Says 2024 Defence Budget to Hit Record $19 Billion

News 18  

Taiwanese President Tsai Ing-wen said Monday defence spending would reach a record 606.8 billion Taiwan dollars in 2024, a demonstration of the island’s “determination to ensure national security”. The proposed spending would be a 3.5 percent increase from 2023’s $586.3 billion Taiwan dollars, according to official data. The Chinese military launched massive military exercises last year after Nancy Pelosi, then-speaker …

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on
1 year, 8 months ago

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on

Firstpost  

Just like India, China has also increased its military expenditure, as it remains the world’s second largest spender. The SIPRI report suggests that China allocated around $292 billion in 2022, and its military expenditure has now increased for 28 consecutive years New Delhi: The Stockholm International Peace Research Institute has revealed that India’s military expenditure rose by 6 per cent …

World military spending reaches all-time high of $2.24 trillion
1 year, 8 months ago

World military spending reaches all-time high of $2.24 trillion

Al Jazeera  

Surge in spending reflects Russia-Ukraine war and ‘increasingly insecure world’, according to leading think tank. World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe, according to a leading defence think tank. “While the full-scale invasion of Ukraine in February 2022 certainly affected military …

China readying for Taiwan takeover? Xi hikes defence budget for 8th year in a row
1 year, 10 months ago

China readying for Taiwan takeover? Xi hikes defence budget for 8th year in a row

Firstpost  

China has increased its defence budget to 1.55 trillion yuan this year, up from 1.45 trillion yuan last year Beijing: Amid ongoing tensions with the US and the European nations, the latest being Germany’s threats against providing weapons to Russia against Ukraine, China has increased its defence budget for the eighth straight year. China has hiked its defence budget by …

China expands defense budget 7.2%, marking slight increase
1 year, 10 months ago

China expands defense budget 7.2%, marking slight increase

Associated Press  

China on Sunday announced a 7.2% increase in its defense budget for the coming year, up slightly from last year’s 7.1% rate of increase. In his report Sunday to the annual session of China’s rubber-stamp parliament, Premier Li Keqiang said that over the past year, “We remained committed to the Party’s absolute leadership over the people’s armed forces.” “The people’s …

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?
1 year, 10 months ago

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?

India TV News  

China's defence budget: China, which has been facing an economic slowdown, has announced to increase in the defence budget by 7.2 this year. China sets economic growth at around 5% The top economic official set this year’s growth target at “around 5%” following the end of anti-virus controls that kept millions of people at home and triggered protests. According to …

Japan unveils record defence budget amid regional security fears
2 years ago

Japan unveils record defence budget amid regional security fears

Al Jazeera  

The cabinet’s nod for a 20-percent rise in military spending is a deviation from pacifist post-WWII self-defence policy. Japan will boost its defence budget for 2023 to a record 6.8 trillion yen, or a 20-percent increase, in the face of regional security concerns and threats posed by China and North Korea. Prime Minister Fumio Kishida’s cabinet approved the budget on …

Japan Approves Biggest Military Build-Up Since World War II To Counter Growing Threats From China: Report
2 years ago

Japan Approves Biggest Military Build-Up Since World War II To Counter Growing Threats From China: Report

ABP News  

Japan has approved its largest military buildup since World War II, declaring that China posed the "greatest strategic challenge ever" and laying out plans for a counter-strike capability supported by record defence spending, The Guardian reported. Japan will also obtain new weapons capable of striking enemy sites 1,000 kilometres away with land or sea-launched missiles, a move that some feel …

China security forces are well-prepared for quashing dissent
2 years, 1 month ago

China security forces are well-prepared for quashing dissent

Associated Press  

BEIJING — When it comes to ensuring the security of their regime, China’s Communist Party rulers don’t skimp. After an initially muted response, with security personnel using pepper spray and tear gas, police and paramilitary troops flooded city streets with jeeps, vans and armored cars in a massive show of force. The government responded with overwhelming force in 2008, when …

China security apparatus well honed to deal with protests
2 years, 1 month ago

China security apparatus well honed to deal with protests

The Independent  

Get Nadine White's Race Report newsletter for a fresh perspective on the week's news Get our free newsletter from The Independent's Race Correspondent Get our free newsletter from The Independent's Race Correspondent SIGN UP I would like to be emailed about offers, events and updates from The Independent. After an initially muted response, with security personnel using pepper spray and …

Taiwan unveils record defence budget amid tensions with China
2 years, 4 months ago

Taiwan unveils record defence budget amid tensions with China

Al Jazeera  

Taiwan has unveiled plans for a record boost in defence spending, weeks after China staged unprecedented military exercises around the democratically governed island. The 13.9 percent spending increase, which includes funding for new fighter jets and other equipment, would take the total defence budget to a record 586.3 billion New Taiwan dollars, or about 15 percent of total government expenditure. …

India\'s military spending 3rd highest in world after US, China: Reports
2 years, 8 months ago

India\'s military spending 3rd highest in world after US, China: Reports

Deccan Chronicle  

Stockholm : World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute said on Monday, adding that the top three largest spenders were the United States, China and India. US military spending reached USD 801 billion in 2021, a drop of 1.4 per cent from 2020, the statement said. India's military …

Taiwan holds its breath as China ramps up firepower
2 years, 9 months ago

Taiwan holds its breath as China ramps up firepower

The Telegraph  

Xi Jinping proudly surveyed the rows of troops, tanks and missiles assembled in the centre of Beijing to mark the 70th anniversary of the People’s Republic of China. The Chinese president then drove through displays of tanks and ballistic missiles, inspecting his forces in the country’s largest ever military parade. Last Friday, US president Joe Biden told leaders of Nato …

China’s Defence Spending Hides More Than It Reveals; Outstrips Combined Expenses of India, Japan
2 years, 9 months ago

China’s Defence Spending Hides More Than It Reveals; Outstrips Combined Expenses of India, Japan

News 18  

The People’s Republic of China’s annual National People’s Congress ended last week. The People’s Liberation Army’s defence spending has increased by at least 6.6 per cent every year since the past three decades, and its defence expenditure has increased nearly six-fold in the past two decades. However, China is not the only country to hide its defence expenditure, as India …

China ups defence budget but Anand Mahindra says ’size doesn’t matter’. See post
2 years, 10 months ago

China ups defence budget but Anand Mahindra says ’size doesn’t matter’. See post

Live Mint  

The ongoing war between Russia and Ukraine and the increase in China's defence budget has shaken the geopolitics severely. While Russia's invasion of Ukraine has upended the lives of millions of people, especially Ukrainians, a jump in China's defence budget has raised a red flag for India. Amid the reports around global conflicts and China's defence budget, the chairman of …

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets
2 years, 10 months ago

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets

Firstpost  

Russia’s invasion of Ukraine has prompted many countries to hike their defence budgets. Romania: President Klaus Iohannis said that his country would push defence spending to 2.5 per cent of GDP, from the current 2 per cent mark. China: Beijing too has increased its defence spending in 2022 by 7.1 per cent to $229 billion, up from a 6.8 per …

China to raise defense spending by 7.1% to $229 billion
2 years, 10 months ago

China to raise defense spending by 7.1% to $229 billion

Associated Press  

BEIJING — China on Saturday announced a 7.1% increase in defense spending in 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the U.S. armed forces’ dominance in the Indo-Pacific region. During a meeting between Xi and Russian President Vladimir Putin in Beijing early last month, Xi endorsed Russia’s objections to further …

China says military spending to grow 7.1 percent in 2022
2 years, 10 months ago

China says military spending to grow 7.1 percent in 2022

Deccan Chronicle  

BEIJING: China's military budget -- the second-largest in the world after the United States -- is set to increase by 7.1 percent in 2022, Beijing announced on Saturday. During a speech opening the annual session of China's rubber-stamp parliament, Li said Beijing would "enhance military training and combat readiness, stay firm and flexible in carrying out military struggle, and safeguard …

US military spending grows as policy shifts to ‘prioritise China’
3 years ago

US military spending grows as policy shifts to ‘prioritise China’

Al Jazeera  

Progressive legislators question massive US defence budget, which officials say is necessary amid China competition. Washington, DC – Months after US President Joe Biden’s administration pulled the last American troops out of Afghanistan as part of his promise to end the country’s “forever wars“, the United States Congress approved a $777.7bn defence budget, a five percent increase from last year. …

China boosts defence spending to $209 billion, over three times that of India
3 years, 10 months ago

China boosts defence spending to $209 billion, over three times that of India

Firstpost  

Beijing: China on Friday hiked its defence budget for the first time to more than US $200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 percent increase in 2021. This year’s planned defence spending will be about 1.35 trillion yuan, state-run Xinhua news agency reported, adding that …

China hikes defence budget to USD 209 billion, 6.8 per cent increase
3 years, 10 months ago

China hikes defence budget to USD 209 billion, 6.8 per cent increase

India TV News  

China on Friday hiked its defence budget to USD 209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021. China’s annual defence budget maintains a single-digit growth for a sixth consecutive year, state-run Xinhua news agency reported. China's defence budget is about one quarter of the US figure, which is USD …

Defence Budget 2021: Myths and Realities of the defence budget infrastructure
3 years, 11 months ago

Defence Budget 2021: Myths and Realities of the defence budget infrastructure

The Quint  

“Immense expense is mainly in defence” has a pleasing rhyme but does not reflect reality. The reality is that the total allocation for defence in the Union Budget 2021-22 is Rs 4.78 lakh crore including defence pensions, which is a marginal hike compared to Rs 4.71 lakh crore last year, a paltry increase of 1.48 percent as compared to 1.82 …

Budget Was for 1% of Population, Gave Wrong Message to China By Not Hiking Defence Allocation: Rahul Gandhi
3 years, 11 months ago

Budget Was for 1% of Population, Gave Wrong Message to China By Not Hiking Defence Allocation: Rahul Gandhi

News 18  

Congress leader Rahul Gandhi on Wednesday strongly criticised the Union Budget, saying it was for one per cent of the population and gave a wrong message to China by not significantly raising defence allocation. Addressing a press conference, Gandhi said the conditions in India are "dangerous" which require Prime Minister Narendra Modi to take quick action. "It requires that the …

Budget 2021: Small increase in defense spending even as China standoff simmers
3 years, 11 months ago

Budget 2021: Small increase in defense spending even as China standoff simmers

Live Mint  

India increased its defense spending by about 1%, throwing the timing of its military modernization program into doubt while it faces a protracted standoff with China along their disputed Himalayan border. India’s expenditure is about a quarter that of China’s -- in May 2020, Beijing announced a yearly defense budget $178.6 billion, according to data from the Center for Strategic …

Union Budget 2021: Higher spending for defence sector expected
3 years, 11 months ago

Union Budget 2021: Higher spending for defence sector expected

India Today  

Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021-22 to provide relief to the country, ravaged by the coronavirus pandemic, and also generously focuses on defence amid the rising tensions with China. Follow Budget 2021 Live Updates As tensions with China continue to escalate, in the wake of the violent standoff in Ladakh with China back in June 2020 …

Japan Cabinet OKs more defense funds amid potential threats
4 years ago

Japan Cabinet OKs more defense funds amid potential threats

Associated Press  

TOKYO — Japan’s Cabinet approved a ninth straight increase in the nation’s defense budget as the government bolsters funding to develop longer-range cruise missiles and stealth fighters to counter potential threats from China and North Korea. A large chunk of the budget plan goes to reinforce Japan’s missile capability, including 33.5 billion yen to develop extended-range anti-ship missiles that can …

China's Military Lays Out Technology Roadmap to Catch Up with the US by 2027: Report
4 years, 1 month ago

China's Military Lays Out Technology Roadmap to Catch Up with the US by 2027: Report

News 18  

China must apply cutting-edge technologies such as artificial intelligence if it wants to transform its military into a modern fighting force on a par with those of other leading powers, according to new guidelines and comments from President Xi Jinping and other officials. Recent key conclave of the ruling Communist Party of China has finalised plans to build a fully …

China is aiming to double the size of its nuclear arsenal, Pentagon report says
4 years, 4 months ago

China is aiming to double the size of its nuclear arsenal, Pentagon report says

CNN  

Washington CNN — China is attempting to at least double the number of nuclear warheads in its arsenal in the next decade and its military has already equaled or surpassed the United States in a series of key areas, according to a new Pentagon report released Tuesday. “Over the next decade, China’s nuclear warhead stockpile—currently estimated to be in the …

China hikes defence budget to USD 179 billion, nearly three times that of India
4 years, 7 months ago

China hikes defence budget to USD 179 billion, nearly three times that of India

India TV News  

China, the second-largest military spender after the US, has hiked its defence budget from last year's 177.6 billion to USD 179 billion, nearly three times that of India, the lowest increment in recent years apparently due to the heavy disruption caused to its economy by the COVID-19, according to the official media. China''s this year's defence budget will be around …

Defense budget increase is lowest in 32 years
4 years, 7 months ago

Defense budget increase is lowest in 32 years

China Daily  

People's Liberation Army soldiers attend the opening ceremony of the joint training at a military training field in Cambodia's Kampot province, on March 15, 2020. The central government proposed an annual defense budget of about 1.27 trillion yuan, a 6.6 percent rise on the last budget, according to the draft to be deliberated on at the third session of the …

Global military spending saw largest increase in decade in 2019; China, India in top 3: Study
4 years, 8 months ago

Global military spending saw largest increase in decade in 2019; China, India in top 3: Study

India TV News  

Global military expenditure at 3.6 per cent saw its largest annual spike in a decade in 2019 with China and India being the second- and third-largest spenders after the US, a Stockholm-based think-tank said on Monday, the first time the two Asian giants were among the top three countries spending more on armaments. The total global military expenditure rose to …

China's defence budget increases 850 percent over 20 years
5 years, 1 month ago

China's defence budget increases 850 percent over 20 years

India TV News  

China's defense budget has grown 850 percent in the last 20 years from USD 20 billion to USD 170 billion in 2018, a top Pentagon official told lawmakers on Thursday. "China's official defense budget has grown 850 percent over the past 20 years from USD 20 billion to USD 170 billion in 2018," Rood said in his testimony before the …

defence spending of India, Pakistan and China
5 years, 3 months ago

defence spending of India, Pakistan and China

Op India  

Usually, defence budgets are seen in a very restricted fashion. 1965 Indo-Pak War In 1963 and 1964, Pakistan’s defence spending was $0.74 bn and $0.83 bn respectively. 1971 Indo-Pak War Pakistan’s military spending during 1965-1970 again saw a rise; it reached $1.561 bn in 1970 seeing a 16% growth. Each war till the 1990s that Pakistan imposed on India had …

新时代的中国国防（双语全文）
5 years, 5 months ago

新时代的中国国防（双语全文）

China Daily  

五、合理适度的国防开支 V. Reasonable and Appropriate Defense Expenditure 中国坚持发展和安全兼顾、富国和强军统一，坚持国防建设与经济建设协调发展，坚持勤俭建军方针，依据国家经济发展水平和国防需求，合理确定国防费规模结构，依法管理和使用国防费。 China attends to both development and security. 从国防费占财政支出比重看，2012年至2017年，中国国防费占财政支出平均比重约为5.3%，美国约为9.8%、俄罗斯约为12.4%、印度约为9.1%、英国约为4.8%、法国约为4.0%、日本约为2.5%、德国约为2.8%。中国国防费占财政支出的平均比重排在第四位。 As a ratio of spending to government expenditure, from 2012 to 2017, China’s average defense expenditure was 5.3%. 从人均国防费水平看，2017年中国国民人均国防费为750元人民币，约相当于美国的5%、俄罗斯的25%、印度的231%、英国的13%、法国的16%、日本的29%、德国的20%。中国军人人均国防费为52.16万元人民币，约相当于美国的15%、俄罗斯的119%、印度的166%、英国的27%、法国的38%、日本的35%、德国的30%。中国国民人均国防费排在第七位，军人人均国防费排在第六位。 China’s per capita defense expenditure in 2017 was RMB750 – 5% of the US, 25% of Russia, 231% of India, 13% of the UK, 16% …

Budget 2019: Military modernisation likely to take backseat amid tight finances
5 years, 6 months ago

Budget 2019: Military modernisation likely to take backseat amid tight finances

India Today  

India is likely to stick to a modest rise in defence spending in the 2019/2020 budget due on Friday because of tight government finances, officials said, further delaying a long-planned military modernisation programme. But these plans have been on hold for years because governments have not been able to set aside large sums and most of the defence expenditure goes …

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