BEIJING, (BM) – China’s military budget in 2020 will grow by 6.6% and reach 1.27 trillion yuan ($ 178.8 billion), follows from the country’s 2020 draft budget published on Friday, learned BulgarianMilitary.com.
“National defense spending will amount to 1.268 trillion yuan, an increase of 6.6% (compared to last year – ed.),” The document said, submitted for consideration by the country’s legislative assembly, whose annual session opened on Friday in Beijing.
China annually increases defense spending; at present, China’s military budget is the second largest in the world after the United States. According to the budget for 2019, military spending grew by 7.5% and should have amounted to 177.6 billion dollars.
This trend causes concern and criticism from other states, however, the Chinese authorities say that the country’s military spending is appropriate and they will maintain moderate and stable growth in accordance with the country’s economic development.
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