Credit: Kevin Frayer/Getty
Earlier this month China unveiled its 2026 budget, which included a 7% increase in defense spending, taking the budget for national defense to CNY1,909.6 billion (US$278 billion). The increase is in line with expectations, but continues a recent trend of Beijing raising defense expenditure as a...
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Budget Brief: Chinese Defense Spending Outpaces Economic Growth is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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