: China says military budget to increase by appropriate level #IndiaNEWS #International Taipei, March 4 (IANS) Chinas military budget is set to increase again, the spokesperson for its rubber-stamping

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China says military budget to increase by appropriate level #IndiaNEWS #International
Taipei, March 4 (IANS) Chinas military budget is set to increase again, the spokesperson for its rubber-stamping parliament has said, before a week-long political meeting expected to make big changes to Chinas system of governance and increase measures to combat international sanctions, a media report said.
The spokesperson for the National Peoples Congress, Chinas legislative body, addressed the media on the eve of its annial meeting to outline the weeks agenda, including changes to the constitution and the legal sector, and endorsing new appointments to senior roles, The Guardian reported.
Wang Chao said that the defence budget rises as a proportion of GDP had been moderate and below global averages. Last years 1.45 trillion yuan (190 billion pound) budget was a rise of 7.1 per cent and followed a rise of 6.8 per cent in 2021 and 6.6 per cent in 2020, the media outlet reported.
Wang did not say by how much the budget would increase, but said it was appropriate and reasonable and was needed for China to meet complex security challenges and to fulfil its responsibilities as a major country.
The modernisation of Chinas military will not pose a threat to any country, Wang said. On the contrary, it will only be a positive force for safeguarding regional stability and world peace.
Under Xi Jinpings leadership, China has continued to significantly expand and overhaul its military. However, information about actual spending compared with budget announcements remains opaque, with the US defence department estimating it could be 1.1 to 2 times higher.
IANS
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