Trivium Neopol - Foreign Affairs | Logo 09 Mar 2022

Mo’ money for the military

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On Saturday, the Ministry of Finance revealed its annual defense budget for 2022.

The headline growth number (Xinhua):

It will increase by 7.1% to RMB 1.45 trillion, or USD 229 billion.

But just how significant is this rise?

One way to assess defense spending is to consider the defense ...


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