Chinese Premier Li Qiang on Wednesday announced a 7.5 percent increase in military spending for 2025, ostensibly due to increasing tensions with the United States and Taiwan.
Li also announced more economic stimulus spending on Wednesday to cope with “changes unseen in a century” that are “unfolding across the world at a faster pace” than ever before.
The increased military budget announced by Li was similar to spending increases from 2023, and well below the increases of over ten percent in many annual budgets over the past three decades.
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Analysts told Radio Free Asia (RFA) on Wednesday that the actual increase in defense spending could be much
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