Breaking News & Top Stories


China to increase defense spending by 7.2%

China’s air drive reveals off its L15 Falcon coach on the Zhuhai Air Present in 2022. The nation has a deal to export the plane to the United Arab Emirates.

Future Publishing | Future Publishing | Getty Pictures

BEIJING — China is about to extend protection spending this 12 months by 7.2% to 1.56 trillion yuan ($230 billion), in line with a draft launched Sunday by the Ministry of Finance.

China’s protection funds grew by 7.1% final 12 months to 1.45 trillion yuan, quicker than the 6.8% enhance in 2021 and 6.6% climb in 2020, in line with official knowledge.

In 2019, China’s protection spending rose by 7.5% to 1.19 trillion yuan.

In a separate report Sunday about authorities work, Premier Li Keqiang didn’t point out the Russia-Ukraine conflict. “We should always keep dedicated to an unbiased overseas coverage of peace,” the report mentioned.

The work report known as for “resolute steps to oppose ‘Taiwan independence'” whereas sticking to Beijing’s name for “peaceable reunification.”

Taiwan is a democratically dominated self-governed island that Beijing claims is a part of its territory.