China plans 7.1% boost for defense
(WorldNews China)

China plans 7.1% boost for defense Bloomberg News (TNS) China projected defense spending growth of 7.1% this year, the fastest pace in three years, as President Joe Biden moves to strengthen the U.S. position in the Indo-Pacific region. Military expenditure is expected to rise to about $229 billion in the coming year. The figure was released Saturday in the Ministry of Finance`s annual report at the start of the National People`s Congress in Beijing. `Government at all levels must give strong support to the development of national defense and the armed forces, so unity between the military and government and between the military...