China’s defense spending increases have been ‘reasonable,’ parliament spokesman says


Source: cnbc.com cnbc.com

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A general view shows the Great Hall of the People ahead of the opening session of the Chinese Peoples Political Consultative Conference in Beijing on March 4, 2023. China's defense spending as a share of gross domestic product has been kept basically stable for many years, with the increases "moderate" and "reasonable," the spokesman of the country's parliament said on Saturday. "The modernization of China's military will not pose a threat to any country," Wang Chao, spokesman for the National People's Congress, told reporters. Wang was asked at a news conference by how much China's defense budget would increase this...