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China hikes defence budget to USD 209 billion, 6.8% increase
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China hikes defence budget to USD 209 billion, 6.8% increase
Mar 4, 2021 11:45 PM

China on Friday increased its defence budget to USD 209 billion, a 6.8 percent hike compared to the last year. The budget hike was announced by Chinese Premier Li Keqiang at the country’s Parliament, the National People’s Congress (NPC).

Defending the increase, Zhang Yesui, spokesperson for the NPC, told the media here that China’s efforts to strengthen the national defence do not target or threaten any country.

Whether a country poses a threat to others depends on what kind of defence policy it pursues, he said, adding that China is committed to the path of peaceful development and adheres to a defence policy that is defensive in nature.

Meanwhile, China aims to expand its gross domestic product by over six percent in 2021, with more efforts on reform, innovation and high-quality development, Chinese Premier Li Keqiang announced at the National People’s Congress, (NPC), the country’s Parliament on Friday.

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