China'a Budget for the year

China Maintains Steady Defense Budget Growth, Prioritizes Military Amid Economic Challenges

China has announced its defense budget for 2024 at the 14th National People's Congress, maintaining a consistent growth rate in military expenditure. The budget for the People's Liberation Army (PLA) is set to increase by 7.2 per cent to Chinese Yuan (CNY) 1.66554 trillion, equivalent to USD 231.4 billion. Chairman...