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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

China Increases Military Spending in Face of Threats

Chinese Premier Li Keqiang speaks at the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2021. REUTERS/Carlos Garcia Rawlins

China said Sunday its military spending would rise at the fastest pace in four years, warning of "escalating" threats from abroad.

The country's planned budgets for the year put defense spending at 1.55 trillion yuan ($225 billion), a 7.2 percent rise and the quickest rate of increase since 2019. It officially rose 7.1 percent last year.

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