China’s defense budget crossed 200 billion for the first time China on Friday increased the defense budget for 2021 by 6.8 percent to $ 209 billion. China’s defense budget is more than three times that of India’s defense budget.
Chinese Prime Minister Li Qing announced the budget on the first day of the National People’s Congress session of the Chinese parliament. This is the sixth consecutive year when China’s defense budget has increased. A budget of $ 9 209 billion has been tabled in the Chinese parliament, amid ongoing tensions between China and India in the Ladakh region and China’s military tensions with the US.
China’s projected defense spending this year (2021) is 1,350 billion yuan (about $ 209 billion), Chinese government news agency Xinhua told the budget. The agency said it was the sixth consecutive year of a numerical increase in the defense budget.
The agency was told that China’s defense budget was close to a quarter of the US defense budget. The US defense budget is set at 40 740.5 billion for 2021. At the same time, China’s budget is more than three times that of India’s defense budget. Defense budget of India (including pension). 65.7 billion close. According to the Global Times, China’s defense budget was $ 196.44 billion last year.
Prime Minister Li described China’s 35-year achievement of the defense budget in 2020 and measures 2021 as “a major achievement for China’s armed forces in 2020 last year.”
However, he made no mention of sending 60,000 armed Chinese soldiers ready for annual exercises to disputed areas such as Penang in Ladakh. After this, India had to deploy its troops there compared to the People’s Liberation Army (PLA) of China. For about eight months there was a conflict between the armies of the two countries.
After a long round of talks, troops from the two countries withdrew from the Penangga TSO area and talks are about to withdraw troops from other areas.
The PLA has also announced a 40 percent wage increase to attract skilled youth in the Armed Forces. At last year’s conference, the Communist Party of China finalized its plan to have a fully modern military equivalent of the US by 2027. The year 2027 is also the centenary year of the Chinese army. China is the most expensive country in the world after the US.
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