Skip to content

China Defense Budget Rises 7.1%, Fastest Pace in Three Years

  • Premier Li Keqiang calls for ‘rock solid’ support of military
  • Putin’s war expected to spur global rise in military budgets
Li Keqiang delivers his work report at the Great Hall of the People in Beijing on March 5.
Li Keqiang delivers his work report at the Great Hall of the People in Beijing on March 5.Photographer: Leo Ramirez/AFP/Getty Images
Updated on

China projected defense spending growth of 7.1% this year, the fastest pace since 2019 as President Joe Biden moves to strengthen the U.S.’s position in the Indo-Pacific region. 

Chinese military expenditures are expected to rise to 1.45 trillion yuan ($229 billion) in the coming year, according the Ministry of Finance’s annual report released Saturday at the start of the National People’s Congress in Beijing. Spending on the People’s Liberation Army has increased by at least 6.6% each year for the past three decades, keeping pace or often exceeding economic growth.