China increases defense budget amid tensions with India and US, more than three times than India
Flag of china - Photo: Pixabay China's defense budget has crossed $ 200 billion for the first time. China on Friday increased its defense budget by 6.8 percent to $ 209 billion for the year 2021. This figure is more than three times India's defense budget. Chinese Prime Minister Li Qing announced this budget on the first day of the session of the National People's Congress of China's Parliament. This is the sixth consecutive year that China's defense budget has seen a numerical increase. The $ 209 billion defense budget has been presented in China's parliament at a time when tensions between China and India in the Ladakh region are underway and China's military tension with the US continues. Giving information about the budget, China's official news agency Xinhua said that the planned defense expenditure of this year (2021) will be 1,350 billion yuan (about 209 billion US dollars). The agency said that this is the sixth consecutive year when a nume...