China’s 2019 Defense Spending to Rise 7.5% to 1.19 Trillion Yuan (~177.61 Billion U.S. Dollars)
It’s official! In 2019 China will raise defense spending by 7.5% to 1.19 trillion yuan (about 177.61 billion U.S. dollars). That’s a large increase off an enormous baseline. The official figures were released today at Beijing’s biggest political meetings of the year—the “Two Sessions,” back-to-back meetings of two major PRC political bodies: the nearly-3,000-delegate National People’s […]