China’s Defense Budget To Grow By 7% In 2022

China flag.
China has announced it will raise its defense budget by 7% for 2022, taking military spending to 1.450 billion yuan ($232 billion) from 1.355 billion yuan. The new budget, announced on the fringes of this year’s National People’s Congress meeting, represents a marginal growth from the 6.9% increase...
Craig Caffrey

Craig works as a senior analyst on Aviation Week Network’s military and commercial forecast databases, specializing in military aircraft markets and…

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