President Xi Jinping (center) opens China's annual National People’s Congress on March 5.
Credit: Li Xueren/Xinhua/Alamy Live News
China's 2024 budget includes a 7.2% increase for defense which will see spending rise from CNY1,553.7 billion to CNY1,665.5 billion ($232 billion). While the increase to the PLA’s budget is once again sizable, it is in line with recent trends both in terms of the rate of growth and in relation to...
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Budget Brief: More Of The Same For Chinese Defense Spending In 2024 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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