News Snapshot:
China increased its defence budget by 7.2% to $232 billion as it continues to pursue the modernization of its military amid ongoing tensions with Taiwan, the South China Sea disputes and the border frictions with India. The nation will remain the second highest spender on defence after the US and has allocated 1.67 trillion yuan (about USD 232 billion) for defence spending. The increase in terms of the percentage was the same as last year, a report by the PTI said. In comparison to India, China’s 2024 defence budget was almost three times higher than that of India. India allocated...
News Timeline:
Track the development of related news across the Internet.
March 5, 2024
15:33
China sets ambitious growth target of around 5% and announces increases in military spending at National People’s Congress
Source: news.sky.com
March 5, 2024
15:29
Xi Jinping’s economic plan and defence spending in the South China Sea: Key takeaways from the National People’s Congress
Source: abc.net.au
February 24, 2024
12:36
Explained: How India has become 4th largest defence spender in the world
Source: firstpost.com
February 14, 2024
13:03
Global military spending hits $3.4 trillion record as wars rage
Source: afr.com
