
China Increases Defence Budget
China to boost military spending in 2022
China has revealed its defence budget for 2022 at the opening of a new legislative session of the National Peoples Congress on Saturday. The budget gives the Peoples Liberation Armed Forces 1.45 trillion yuan about $230 billion.
Western media houses Reuters and Bloomberg were quick to criticise the increased military spending, despite China sticking to a single digit defence spending for seven years. Western critics say its defence spending is bigger than its 2022 GDP target of 5.5 percent.
According to Chinese experts, the increased funding is to safeguard the country national sovereignty, territorial integrity, security and development interests as well as safeguarding the world with reliable partners. Premier Li Keqiang said in a statement released Saturday. “We will move faster to modernise the military’s logistics and asset management systems, and build a modern weaponry and equipment management system.”
The United States, China’s global rival aiming to maintain its global empire and over 900 military bases will spend $770 billion. A former PLA officer speaking on condition of anonymity to the Chinese Global Times claimed that in the 1970s, China concentrated on economic development and not defence spending. Even when the economy began booming its defence spending was frozen.
“Today’s military development is making up for what was lost, and it is vital to have a military strength that matches China comprehensive development status in order to safeguard the country’s fruits of development.” The former PLA officer added.
Wei Dongxu, a Beijing-based military expert said. “China’s military budget is appropriate and reasonable given that China is aiming to develop a modernised military, and because some external forces have been constantly enhancing their military deployment and stirring up trouble near China.”
Observers also point out that increased US aggressiveness in the South China sea and its policy of supporting the secessionists in Chinese Taipei in partnership with its allies are reasons why China is increasing its military budget.
Source Global Times/Reuters/CNBC
About Post Author
felastory
Share this:
- Click to print (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to email a link to a friend (Opens in new window)
Related
More Stories
Getting Out of Hand
Chinese renegade province of Taiwan complains that Beijing's air and naval drills are getting out of hand as the communist...
Lift Sanctions
China calls on the West to lift sanctions on Syria as the American campaign to remove the Syrian president from...
Nuclear Mecca
Saudi Crown Prince says Riyadh will become a nuclear Mecca if Iran acquires an atomic bomb as Middle East nuclear...
Blown Off Course
US intelligence agencies say the Chinese spy ballon wasn't spying but blown off course Biden administration hysterics was unnecessary A...
Pervert Satan
Ukrainian military transgender spokesman who issued chilling threat to Russian journalists called a pervert satan Threats aimed at Russian journalists...
Integration Blueprint
Chinese Communist Party releases integration blueprint with Taiwan proposing greater economic co-operation with the renegade island The Chinese Communist Party...
Average Rating