China to increase defense budget by 7.2 percent in 2025
16:37, 5 March 2025
China on Wednesday announced a 7.2-percent increase in its 2025 national defense budget, Xinhua reports.
The planned defense expenditure of the country will be 1.784665 trillion yuan (about 249 billion U.S. dollars) this year, according to a draft budget report submitted to the national legislature for deliberation.
Earlier, it was reported that China targets an economic growth rate of around 5 percent in 2025.
