China ramps up military budget to counter ‘escalating’ threats

[ad_1] Issued on: 05/03/2023 – 08:53Modified: 05/03/2023 – 09:46 China said Sunday its military spending would rise at the fastest pace in four years, warning of “escalating” threats from abroad at a meeting of its rubber-stamp parliament that is set to hand Xi Jinping a third term as president. The increase in the world’s second-largest defence budget came as Beijing announced an economic growth goal of around five percent for this year — one of…

"China ramps up military budget to counter ‘escalating’ threats"