China's Robust Military Budget: A Strategic Leap

China has announced a 7.2% increase in its national defence budget for 2023, reaching $249 billion. This substantial allocation supports military modernization, including advanced warships and fighter jets. Premier Li Qiang emphasized the Communist Party's leadership over the military, aiming to safeguard China’s sovereignty and security.

China has declared a significant hike in its national defence expenditure, growing by 7.2% to reach a total of $249 billion for 2023. This move is part of China's broader efforts to modernize its military capabilities, including the rapid development of warships and next-generation fighter aircraft.

Premier Li Qiang presented the proposed budget to China's Parliament, underscoring last year's remarkable progress in the nation's defence and military growth. He stressed the importance of the Communist Party's absolute leadership over the People's Liberation Army (PLA) and highlighted the military's commitment to protecting China's sovereignty and security.

The budget increase comes amid global scrutiny over China's defence spending, which critics view with skepticism given the accelerated military modernization initiatives. Nonetheless, Li assured that the government remains committed to enhancing the synergy between civilian and military sectors, fostering a robust framework to bolster national defence capabilities.

(With inputs from agencies.)