China boosts military spending by 6.8% this year, stable from 6.6% rise in 2020


Source: straitstimes.com straitstimes.com

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SINGAPORE - China is set to grow its defence spending by 6.8 per cent this year, a similar rate compared with last year's rise of 6.6 per cent amid the Covid-19 outbreak. Defence spending this year will increase to 1.36 trillion yuan (S$280 billion), up from 1.27 trillion yuan in 2020, figures from China's Budget on Friday (March 5) showed. China does not provide a breakdown of its defence budget as its tradition. Its defence spending is a closely watched gauge for how the world's second-largest economy will boost its military capabilities amid its tensions with the United States and...