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Detailed explanation-1: -BEIJING: China on Saturday hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year’s USD 209 billion, three times that of India’s military spending.

Detailed explanation-2: -In March 2022, China announced a yearly defense budget of RMB 1.45 trillion ($229.6 billion), 1 marking a 7.1 percent increase from the 2021 budget of RMB 1.36 trillion ($209.2 billion). This continues a recent trend that has seen yearly percentage increases in the upper single digits.

Detailed explanation-3: -At the fifth session of the 13th National People’s Congress in early March, the Chinese government announced a defense budget of 1.45 trillion yuan (about $229 billion) for fiscal year 2022, which is a 7.1 percent year-on-year increase from 2021 (Xinhua, March 5).

Detailed explanation-4: -BEIJING (AP)-China on Saturday announced a 7.1% increase in defense spending in 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the U.S. armed forces’ dominance in the Indo-Pacific region.

Detailed explanation-5: -The Chinese government has announced a 2022 defence budget of CNY1. 45 trillion (USD229. 5 billion), a nominal year-on-year increase of 7.1%. The expenditure – announced on 5 March at the opening session of the annual National People’s Congress (NPC) – represents the seventh consecutive year of single-digit growth.