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China's defence budget has risen to USD 249 billion, a 7.2% increase. The country is rapidly modernising its armed forces with new warships and fighter jets. Critics view the spending with...

China has announced a 7.2% increase in its defense budget for 2023, reaching USD 249 billion, as it continues modernizing its military. The move fuels concerns about regional security.

China hints at increasing its defence budget, emphasizing the need for strength to safeguard peace and sovereignty. The budget will be revealed on Wednesday.

China's annual parliament session faces US trade tensions, economic slowdown, and potential defense budget increase. Trump's tariffs and geopolitical rivalry are key concerns.