China's defence budget hiked by 6.8% to $209 billion
The budget hike was announced by Chinese Premier Li Keqiang at the country's Parliament, the National People's Congress (NPC)
- Mar 5, 2021,
- Updated Mar 5, 2021 11:07 AM IST
China on Friday increased its defence budget to USD 209 billion, a 6.8 per cent hike compared to the last year.
The budget hike was announced by Chinese Premier Li Keqiang at the country's Parliament, the National People's Congress (NPC).
Defending the increase, Zhang Yesui, spokesperson for the NPC, told media here that China's efforts to strengthen the national defence do not target or threaten any country.
Whether a country poses a threat to others depends on what kind of defence policy it pursues, he said, adding that China is committed to the path of peaceful development and adheres to a defence policy that is defensive in nature.
Also read: China fixes 6% GDP target in 2021; pegs consumer inflation at 3%
China on Friday increased its defence budget to USD 209 billion, a 6.8 per cent hike compared to the last year.
The budget hike was announced by Chinese Premier Li Keqiang at the country's Parliament, the National People's Congress (NPC).
Defending the increase, Zhang Yesui, spokesperson for the NPC, told media here that China's efforts to strengthen the national defence do not target or threaten any country.
Whether a country poses a threat to others depends on what kind of defence policy it pursues, he said, adding that China is committed to the path of peaceful development and adheres to a defence policy that is defensive in nature.
Also read: China fixes 6% GDP target in 2021; pegs consumer inflation at 3%