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China to increase defense spending by 7.2%

China’s air power reveals off its L15 Falcon coach on the Zhuhai Air Present in 2022. The nation has a deal to export the plane to the United Arab Emirates.

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BEIJING — China is about to extend protection spending this yr by 7.2% to 1.56 trillion yuan ($230 billion), in response to a draft launched Sunday by the Ministry of Finance.

China’s protection finances grew by 7.1% final yr to 1.45 trillion yuan, quicker than the 6.8% enhance in 2021 and 6.6% climb in 2020, in response to official knowledge.

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

In a separate report Sunday about authorities work, Premier Li Keqiang didn’t point out the Russia-Ukraine conflict. “We should always keep dedicated to an unbiased international coverage of peace,” the report stated.

The work report referred to as for “resolute steps to oppose ‘Taiwan independence'” whereas sticking to Beijing’s name for “peaceable reunification.”

Taiwan is a democratically dominated self-governed island that Beijing claims is a part of its territory.