At its annual parliamentary meeting, the National People’s Congress, Beijing set its 2019 defense spending at 7.5 percent higher than a year ago — or 1.19 trillion yuan ($177.61 billion). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The US remains the leader of the pack as it seeks to counter China's military might, according to the report. © 2020 Deutsche Welle | “We will deepen reforms in national defense and the military, increase our logistic and equipment support capacity, and promote innovative development of defense-related science and technology,” he told legislators at the opening of the National People’s Congress, which kicked off Friday at the Great Hall of the People in China’s capital, Beijing. Despite the growth of China’s defense budget being at its lowest, in percentage terms, since the early 1990s, the 6.6 percent figure only represents a slightly lower figure than the 7-7.5 percent growth many analysts estimated before the pandemic. Read: "Your Words Hit The Bull's Eye": Netizens Laud Taiwan's "Get Lost" Retort At China. Between 2003 and 2025, in dollar terms Chinese expenditures on procurement and research and development are projected to more than double. Although China has never renounced the possible use of force for reunification efforts. On Friday, Chinese Premier Li Keqiang told the congress that "We will deepen reforms in national defense and the military, increase our logistic and equipment support capacity, and promote innovative development of defense-related science and technology." Li’s call for reunification came as U.S. Defense Secretary Mark Esper reaffirmed that the country would stand by Taiwan. The top 15 defense spenders remained the same as in 2018, with one change in that Italy overtook Australia, with the two countries trading the 12th and 13th place. You can find more information in our data protection declaration. The military, notably the navy, has recently defended claims of sovereignty of islands in the South China Sea and the government has stepped up rhetoric regarding Taiwan's reunification with China. The study did point out, however, that the US has reduced financial assistance to its allies' defense budgets, seemingly in keeping with the "America First" policies of President Donald Trump. The country's economic growth has been impacted by the pandemic, he added. However, the island’s government sees these moves as part of an intimidation campaign against Taiwan and regularly publicizes PLA ship and aircraft movements in its vicinity. Oct. 14 (UPI) -- Japan unveiled its newest class of submarine, ceremonially launching the attack submarine Taigei on Wednesday. Outgoing Pakistan Navy chief reveals details of modernization programs, Russia denies New START ‘gentleman’s agreement' with US, Japan launches first of its new class of submarines, US advances three arms sales packages to Taiwan, India’s Nirbhay cruise missile test fails. Both the US and China upped their spending by 6.6%, the International Institute for Strategic Studies' annual "Military Balance" report showed. China’s 2019 defense white paper, for instance, provides military spending figures that are slightly higher (between $2-3 billion each year) than the announced defense budgets. USAF airmen in Materiel, Global Strike commands to collaborate. China military spending/defense budget for 2015 was $214.09B, a 6.63% increase from 2014. Beijing announced a 6.6% rise in its military budget in in May 2020, bringing China's total defense expenditure to at least $178 billion. 2019 saw the biggest jump in global defense spending in a decade, a new study says. Oct. 14 (UPI) -- China is the United States' greatest military threat, requiring more agile and better armed warships, Adm. Mike Gilday, Chief of Naval Operations, said in a speech to the "State of Defense" virtual conference. Russia came in third for defense-investment spending, according to the IISS study, but its budget was almost 10 smaller than that of the US. Li also touched on the issue of Taiwan during his speech, reiterating that China would “resolutely oppose and deter any separatist activities seeking Taiwan independence.” He also called on the Taiwanese people to “join the mainland in opposing Taiwanese independence and to promote reunification.". Chinese Premier Li Keqiang said as much during his speech Friday at the opening of the annual gathering of its largely rubber stamp parliament. This discrepancy may be the result of the defense white paper including costs associated with militia forces in its figures. Direct access to our calendar releases and historical data. The Chinese Army on September 18 and 19 sent 37 fighter jets, including H-K bombers across the median line of the Taiwan Strait as a top United States diplomat visiting the self-governed island. Money Minute — When Should You Close a Credit Card? Perhaps tellingly, Li dropped the use of the word “peaceful” when talking of reunification with Taiwan, a departure from decades of using it as the standard expression Chinese leaders used when addressing parliament and mentioning Taiwan. In recent years, China has poured trillions of yuan into the modernisation of its military, which it aims to transform into a world-class force rivalling that of the US and other Western powers. SCMP reported that when Taiwanese pilots asked PLA pilots to respect the median line and return back to their side, the Chinese men responded by shouting at them over the radio and saying there is no median line so they "should not be interrupted" while doing routine training. The world spent 4% more on defense in 2019 than the year before, the largest increase in 10 years, with the US investing around four times as much in purchasing arms and weapons research and development as all European states combined, a study said on Friday. With a Wary Eye on China, Taiwan Moves to Revamp Its Military The self-governing democracy is taking steps to bolster its armed forces in order to deter or defeat an invasion from China … May 22 (UPI) -- China announced Friday a 6.6 percent increase in its $178 billion defense budget, down from last year's increase of 7.5 percent. Europe increased its defense spending by 4.2%, but this jump only regains the ground lost since 2008, when budgets were cut because of the global financial crisis. Taiwan's Air Force and Navy responded by conducting 3,000 aircraft sorties. DW sends out a daily selection of hard news and quality feature journalism. Download Historical Data.
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