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China expands defense budget 7.2%, marking slight increase

Por: WPLG Local 10 Politics March 05, 2023

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China on Sunday announced a 7.2% increase in its defense budget for the coming year, up slightly from That marks the eighth consecutive year of single-digit percentage point increases in what is now the world’s second-largest military budget. The 2023 figure was given as 1.55 trillion yuan ($224 billion), roughly double the figure from 2013.Along with the world’s biggest standing army, China has the world’s largest navy and recently... + full article



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