World on the bank
23 days ago
1
China's military spending in 2023 was estimated at $296 billion, reflecting a 6% increase from its 2022 budget. This rise is part of China's ongoing efforts to modernize and expand its military capabilities amid growing geopolitical tensions and regional security concerns. The increase aligns with China's broader strategic goals of enhancing its defense capabilities and asserting its influence on the global stage.
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