Jinping’s dangerous intentions, China increased defense budget by more than 7 percent

China has increased its defense budget by 7.2% this year. This figure is equal to last year. But economic growth has exceeded government forecasts. The budget estimates spending on the military at 1.67 trillion yuan ($230.60 billion). The US keeps a close eye on China’s defense budget. The US is already concerned about Beijing’s strategic goals and the growth of its military forces, given the recent increase in tensions over Taiwan. China said it would firmly oppose separatist activities aimed at Taiwan independence and external interference. Beyond the mention of peaceful reunification in previous reports, other reports also claimed that China would remain steadfast in pursuing the objective of reunification.

The increase in military spending this year represents the ninth consecutive year of single-digit increases. As in previous years, only the total amount and percentage of increase were provided, without any details of expenditure. Prime Minister Li Qiang’s first work report is to be heard by China’s rubber-stamp parliament, the National People’s Congress (NPC), during its annual meeting in Beijing on Tuesday. China has set a roughly 5% annual economic growth target for 2024, in line with last year’s agenda, according to an official work report seen by Reuters.

Let us tell you that defense expenditure has increased in the last years since President Xi Jinping came to power in 2012. After America, China is the second largest country in the world in terms of spending on defense budget.