China defence budget raised by 7.2%, 3 times India's, one-third of America

Actual defence spending during the year will rise to $225 billion, a single-digit budget increase for the eighth consecutive year

The People’s Republic of China (PRC) announced its draft defence Budget for 2023 on Sunday, which features a 7.2 per cent rise over the 2022 Budget. Beijing-based analysts have called this a “reasonable, restrained increase”.

The 2023 Budget will see China’s actual defence spending during the year rise to 1.55 trillion yuan ($225 billion), which amounts to a single-digit budget increase for the eighth consecutive year.

The PRC’s defence spending has grown by 6.6 per cent in 2020, 6.8 per cent in 2021, and 7.1 per cent in 2022.

The proposed defence Budget was announced in a draft Budget report