Janes - News page

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

China increases 2022 defence budget by 7.1%

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”.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/china-increases-2022-defence-budget-by-71/

The Chinese government has announced a 2022 defence budget of CNY1.45 trillion (USD229.5 billion), a...

Request Consultation

Request a free consultation to discover how Janes can provide you with assured, interconnected open-source intelligence.

News Janes | The latest defence and security news from Janes - the trusted source for defence intelligence