Explained: The Implications of China’s Ever Increasing Defence Budget for India

Indo-Pacific StudiesStrategic Studies
Written By Guest User

China announced its annual defence budget of RMB 1.45 trillion (approximately $229.6 billion) in March 2022, a 7.1 per cent year-on-year increase over its 2021 budget of RMB 1.36 trillion ($209.2 billion). In 2020, China had increased its defence budget by 6.6 per cent to 1.27 trillion yuan (US$178 billion).

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