07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...
07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...
07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...
07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...
07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...
07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...
07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...
07 March 2022
by Jon Grevatt & Andrew MacDonald
Janes estimates China's 2022 defence budget to be USD58 billion more than the official figure, bringing the total to CNY1.82 trillion or USD287.8 billion. Janes ' figures include soldiers' pensions and a portion of national R&D expenditure. (Janes Defence Budgets)
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.
It is also the highest increase since the start of the pandemic. Increases in 2020 and 2021 were recorded at 6.6% and 6.8% respectively. The official defence budget in 2021 was CNY1.35 trillion.
China's state-run Xinhua News Agency said the increased defence expenditure will help “provide the forces with better training and more advanced equipment. It [will] also support the military in tackling non-conventional security threats such as major epidemics and natural disasters”.
The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...