China boosts defense budget by 7.2% to $232 billion

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  • China is set to increase its defense spending by 7.2% to 1.67 trillion yuan in 2024, according to a Ministry of Finance budget report.
  • China’s 2024 military budget expansion follows a 7.2% increase last year, a 7.1% spike in 2022, 6.8% increase in 2021, 6.6% climb in 2020 and 7.5% growth in 2019, according to official data.
  • In the government’s work report also released Tuesday, Beijing vowed to “resolutely oppose separatist activities aimed at ‘Taiwan independence’ and external interference.”
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www.msn.com/en-us/news/world/china-says-military-spending-growth-in-2024-to-stay-the-same-as-last-year-at-72/ar-BB1jkBNG

www.msn.com/en-us/news/world/china-drops-mention-of-peaceful-from-taiwan-ambition-as-it-increases-military-spending-by-72/ar-BB1jldUf

 


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