Chinese Defence Budget

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

Taiwan's air force scrambled on Friday to warn away 10 Chinese aircraft that entered its air defence zone, Taiwan's defence ministry said, the day after the island announced a $9 billion boost to military spending to counter the threat from China.

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.

China announced Tuesday a 7.5 percent increase in military spending in 2019, lower than last year as the country faces an economic slowdown, but still likely to make Asian neighbours nervous.

Chinese President Xi Jinping is overseeing a sweeping modernisation of the country's armed forces, the largest in the world, including anti-satellite missiles and advanced submarines, seeking to project power far from its shores.

China's defence budget will rise 7 percent in 2017, to 1.044 trillion yuan ($151.43 billion), state media said on Monday, after the omission of exact figures from an annual report sparked questions over transparency on military spending.

China's new move to downsize its 2.3-million strong military will result in laying off of about 1.70 lakh officers as the world's largest army plans to scrap two of its existing seven commands and three corps to streamline forces.

China's defence budget this year will rise about 10 per cent compared with 2014, the spokeswoman for the country's parliament said today, outpacing the slowing Chinese economy as the country ramps up investment in high-tech equipment.

India's new aircraft carrier, INS Vikrant (named after India's first carrier), has bust its budget by 600 per cent. It will now cost a whopping nearly Rs 19,000 crore instead of the original estimate of about Rs 3,000 crore.

Japan's Defense Ministry on Friday requested money for F-35 stealth fighter jets as part of its biggest-ever budget to bolster its ability to defend remote southern islands, including ones also claimed by an increasingly assertive China.

China underestimated its growing defense budget by nearly 20 percent with its spending likely nearing $145 billion last year, the Pentagon said Thursday.

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

Taiwan's air force scrambled on Friday to warn away 10 Chinese aircraft that entered its air defence zone, Taiwan's defence ministry said, the day after the island announced a $9 billion boost to military spending to counter the threat from China.

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.

China announced Tuesday a 7.5 percent increase in military spending in 2019, lower than last year as the country faces an economic slowdown, but still likely to make Asian neighbours nervous.

Chinese President Xi Jinping is overseeing a sweeping modernisation of the country's armed forces, the largest in the world, including anti-satellite missiles and advanced submarines, seeking to project power far from its shores.

China's defence budget will rise 7 percent in 2017, to 1.044 trillion yuan ($151.43 billion), state media said on Monday, after the omission of exact figures from an annual report sparked questions over transparency on military spending.

China's new move to downsize its 2.3-million strong military will result in laying off of about 1.70 lakh officers as the world's largest army plans to scrap two of its existing seven commands and three corps to streamline forces.

China's defence budget this year will rise about 10 per cent compared with 2014, the spokeswoman for the country's parliament said today, outpacing the slowing Chinese economy as the country ramps up investment in high-tech equipment.

India's new aircraft carrier, INS Vikrant (named after India's first carrier), has bust its budget by 600 per cent. It will now cost a whopping nearly Rs 19,000 crore instead of the original estimate of about Rs 3,000 crore.

Japan's Defense Ministry on Friday requested money for F-35 stealth fighter jets as part of its biggest-ever budget to bolster its ability to defend remote southern islands, including ones also claimed by an increasingly assertive China.

China underestimated its growing defense budget by nearly 20 percent with its spending likely nearing $145 billion last year, the Pentagon said Thursday.