China, the second-largest military spender after the US, has hiked its defence budget from last year’s 177.6 billion to $179 billion, nearly three times that of India, the lowest increment in recent years apparently due to the heavy disruption caused to its economy by the Covid-19, according to the official media.
China, which has the world’s largest military of two million troops, will continue to lower its defence budget growth rate to 6.6 per cent in 2020, according to a draft budget report presented on Friday to National People’s Congress (NPC), the country’s top legislature.Read More…
