China on Friday hiked its defence budget for the first time to more than USD 200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
The hike in defence spending was announced by Chinese Premier Li Keqiang on the opening day of the National People’s Congress, China’s Parliament, amidst a military standoff with India in eastern Ladakh and growing political and military tensions with the United States. Read More…
