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China to collect protection costs by 7.2% in 2025

China Naval Navy demonstrated its J-15T fighter at the 2024 airline Zhuhai on November 12, 2024.

Nurphoto | Nurphoto | Gets the image

This year, China increased the cost of defense by 7.2%on Wednesday, the same growth rate as the previous two years, which Beijing seeks to “firmly protect” its national security.

In the official report of the government, which is due to be released in parliament, China has proposed the national defense budget of 1.78 trillion yuan ($ 244.99 billion) for the 2025 fiscal year.

Increasing the defense budget, which is much higher than China’s economic growth for about 5%, comes when Western governments seek to reduce military costs to increase their own security.

European Union announced On Tuesday, it can mobilize as much as 800 billion euros ($ 841 billion) to pull up support for Ukraine amid a full -scale invasion of Russia. This step followed about messages that were in the US sharply stopped Military assistance to Ukraine.

China has made a budget By 7.2% increase in protection costs up to 1.67 trillion yuan last year, the same growth rate as u up to a year. In Beijing increased costs on 7.1% in 2022 and 6.8% in 2021, according to official data.

Asked on Tuesday about China’s defense spending, the third session of the 14th National People’s Congress, Lou Tsinjian, told reporters that “peace should be preserved by force”.

This is according to the official translation of its tangerine speeches.

Lou said that China’s defense spending is less than 1.5 percent as GDP’s share, LU said, adding that such costs are lower than the world average.

China remains the second largest military fine for the United States, which put $ 850 billion at the level of 2025.

Separately, the expenses intended for public safety this year were raised by 7.3%, a statement that a sharp increase compared to 1.4% increased last year.

– Sam Mredite CNBC contributed to this report.

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