China has announced a 2020 defence budget of CNY1.268 trillion (USD178 billion). The government said the figure was a year-on-year increase of 6.6%, the lowest rate of growth recorded for many years.

The government said the slowdown was linked directly to Covid-19 and the pandemic’s devastating impact on the domestic and global economies.

The new figure also continues a downward trend. “The defence budget [in 2020] continues to see single-digit growth for a fifth consecutive year,” reported state news agency Xinhua. “It is the lowest growth rate in recent years.”

China has announced a 2020 defence budget of CNY1.268 trillion (USD178 billion). The government said the figure was a year-on-year increase of 6.6%, the lowest rate of growth recorded for many years.

The government said the slowdown was linked directly to Covid-19 and the pandemic’s devastating impact on the domestic and global economies.

The new figure also continues a downward trend. “The defence budget [in 2020] continues to see single-digit growth for a fifth consecutive year,” reported state news agency Xinhua. “It is the lowest growth rate in recent years.”

China has announced a 2020 defence budget of CNY1.268 trillion (USD178 billion). The government said the figure was a year-on-year increase of 6.6%, the lowest rate of growth recorded for many years.

The government said the slowdown was linked directly to Covid-19 and the pandemic’s devastating impact on the domestic and global economies.

The new figure also continues a downward trend. “The defence budget [in 2020] continues to see single-digit growth for a fifth consecutive year,” reported state news agency Xinhua. “It is the lowest growth rate in recent years.”

China has announced a 2020 defence budget of CNY1.268 trillion (USD178 billion). The government said the figure was a year-on-year increase of 6.6%, the lowest rate of growth recorded for many years.

The government said the slowdown was linked directly to Covid-19 and the pandemic’s devastating impact on the domestic and global economies.

The new figure also continues a downward trend. “The defence budget [in 2020] continues to see single-digit growth for a fifth consecutive year,” reported state news agency Xinhua. “It is the lowest growth rate in recent years.”

China has announced a 2020 defence budget of CNY1.268 trillion (USD178 billion). The government said the figure was a year-on-year increase of 6.6%, the lowest rate of growth recorded for many years.

The government said the slowdown was linked directly to Covid-19 and the pandemic’s devastating impact on the domestic and global economies.

The new figure also continues a downward trend. “The defence budget [in 2020] continues to see single-digit growth for a fifth consecutive year,” reported state news agency Xinhua. “It is the lowest growth rate in recent years.”

China has announced a 2020 defence budget of CNY1.268 trillion (USD178 billion). The government said the figure was a year-on-year increase of 6.6%, the lowest rate of growth recorded for many years.

The government said the slowdown was linked directly to Covid-19 and the pandemic’s devastating impact on the domestic and global economies.

The new figure also continues a downward trend. “The defence budget [in 2020] continues to see single-digit growth for a fifth consecutive year,” reported state news agency Xinhua. “It is the lowest growth rate in recent years.”