China Defence Budget Hike

China on Saturday signalled at increasing its defence budget, the second biggest after the US, citing "complex security challenges" ahead of its annual Parliament session.

India proposed on Wednesday Rs 5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period's initial estimates, aiming to add more fighter jets and roads along its tense border with China.

China today hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year's USD 209 billion.

China on Friday hiked its defence budget for the first time to more than USD 200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.

Budget 2021: China and Pakistan are likely to prompt more money allocation for the defence forces for the second straight year

China pledged more support for its military on Sunday including strengthening maritime and air defences as it takes steps to safeguard its sovereignty, but in a highly unusual move did not give spending figures for 2017 despite promises of transparency.

It's not just President-elect Donald Trump who's bent on military build-up. From Europe all the way to China, the next decade will be marked by an increase in global defense spending amid rising feuds and pockets of instability, according to IHS Jane's latest annual Defense Budgets report.

The latest double-digit increase to China's defence budget serves world peace and is no threat to anyone, state media argued on Thursday after the 12.2 percent spending hike raised alarms in Japan.

China on Tuesday hiked its defence budget by a whopping 10.7 per cent to $115.7 billion, well above India's current defence spending of $37.4 billion, underlining Beijing's military ambitions amid territorial disputes with neighbours.

China on Saturday signalled at increasing its defence budget, the second biggest after the US, citing "complex security challenges" ahead of its annual Parliament session.

India proposed on Wednesday Rs 5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period's initial estimates, aiming to add more fighter jets and roads along its tense border with China.

China today hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year's USD 209 billion.

China on Friday hiked its defence budget for the first time to more than USD 200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.

Budget 2021: China and Pakistan are likely to prompt more money allocation for the defence forces for the second straight year

China pledged more support for its military on Sunday including strengthening maritime and air defences as it takes steps to safeguard its sovereignty, but in a highly unusual move did not give spending figures for 2017 despite promises of transparency.

It's not just President-elect Donald Trump who's bent on military build-up. From Europe all the way to China, the next decade will be marked by an increase in global defense spending amid rising feuds and pockets of instability, according to IHS Jane's latest annual Defense Budgets report.

The latest double-digit increase to China's defence budget serves world peace and is no threat to anyone, state media argued on Thursday after the 12.2 percent spending hike raised alarms in Japan.

China on Tuesday hiked its defence budget by a whopping 10.7 per cent to $115.7 billion, well above India's current defence spending of $37.4 billion, underlining Beijing's military ambitions amid territorial disputes with neighbours.