China hikes defence budget by 7% to $275 billion

sho · 2026-03-05T22:28:52.912Z

China on Thursday, March 5, announced a 7% increase in its defence budget to about $275 billion, while also setting a lower economic growth target of 4.5-5% for the year, reflecting mounting global uncertainties and domestic economic challenges.Chinese Premier Li Qiang unveiled the defence alloca...

China hikes defence budget by 7% to $275 billion | Defence GG