China maintains defence spending increase at 7.2%

China will boost its defence spending by 7.2% this year, maintaining a steady growth rate as Beijing faces headwinds from three years of sluggish economic expansion and mounting geopolitical challenges from Taiwan to Ukraine. The increase, announced on Wednesday in a government report due to be released in parliament, is the same as announced last year, with the total budget having more than doubled since 2013, shortly after President Xi Jinping came into power. China remains the world's second-biggest military spender behind the U.S., whose proposed military budget for 2025 is $850 billion. The growth rate remains well above China's economic growth target for this year of roughly 5% - which analysts say was expected and reflected Beijing's ambitions for continued military modernisation amid roiling geopolitical challenges.It comes despite numerous corruption scandals affecting the People's Liberation Army (PLA) in the past two years which have felled two former defence ministers and a Central Military Commission member.Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrows InnovationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingPerformance Marketing for eCommerce BrandsBy - Zafer Mukeri, Founder- Inara MarketersView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceA2Z Of MoneyBy - elearnmarkets, Financial Education by StockEdgeView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)AI and Analytics based Business StrategyBy - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCIView Program TechnologyCertified Jenkins ProfessionalBy - Vskills, India's Leading Certification BodyView Program AstrologyVastu Shastra CourseBy - Sachenkumar Rai, Vastu ShashtriView Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital marketing - Wordpress Website DevelopmentBy - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy - CA Rahul Gupta, CA with 10+ years of experience and Accounting EducatorView Program LeadershipBusiness Storytelling MasterclassBy - Ameen Haque, Founder of StorywallahsView Program MarketingFuture of Marketing & Branding MasterclassBy - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding ConsultantView Program StrategyESG and Business Sustainability StrategyBy - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program For more: Elrisala website and for social networking, you can follow us on Facebook Source of information and images "economictimes.indiatimes""