Chinese will increase army financing increased 7.2% to 1553.7 billion yuan (about $224.8 billion) in 2023.
In addition, spending on diplomatic activities will increase by 12.2%, while spending on public security will increase by 6.4%.
It was previously reported that Chinese authorities intend to this year. to speed up The modernization program of the Chinese People’s Liberation Army and the strengthening of the combat training of the troops. This was reported in the government report released at the opening of the 1st session of the 14th session of the National People’s Congress (NPC).
On the eve of the official representative of the first session of the 14th session of the Chinese NPC legislature, Wang Chao said that the increase in China’s military budget is due to the need to respond to complex security challenges and fulfill its obligations. a big country
On March 5, it was learned that China will pursue an independent and peaceful foreign policy.