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Chinese defence budget to cross $200 billion

Date: 06 March 2021 Tags: Miscellaneous
  • China’s defence budget will for the first time cross $200 billion after the government announced a 6.8% hike in its spending for 2021.
  • The announcement was made during the session of National People’s Congress (NPC), the Communist Party-controlled legislature.
  • The hike is only fraction raise from the 6.6% increase announced in 2020 amid the pandemic, which was the lowest increase in many years.
  • This will take China’s defence spending to more than four times India’sbudget. India’s budget had announced a modest 1.48% hike in total defence spending.
  • China’s defence spending has in recent years has tried to reflect the modernisation of the People’s Liberation Army (PLA).