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China will improve protection spending by 7.2%


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BEIJING – China is about to extend protection spending by 7.2% to 1.56 trillion yuan ($230 billion) this yr, in line with a draft launched by the finance ministry on Sunday.

China’s protection funds grew 7.1% final yr to 1.45 trillion yuan, in line with official information, which is about to exceed 6.8% progress in 2021 and 6.6% in 2020.

In 2019, China’s protection spending elevated by 7.5% to 1.19 trillion yuan.

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