China has unveiled plans for 2025, announcing a 7.2% increase in defence spending alongside a GDP growth target of around 5%
These decisions, revealed during the annual National People’s Congress in Beijing, reflect the nation’s strategic priorities amid a challenging and fast changing global landscape.
The 7.2% rise in defence spending mirrors last year’s increase, underscoring China’s commitment to modernizing its military capabilities. With a defence budget of approximately 1.78 trillion yuan ($245.7 billion), China maintains the world’s second-largest military budget, though it remains significantly smaller than that of the United States.
The funds are expected to support advancements in high-tech military technologies, including stealth fighters, aircraft carriers, and nuclear capabilities. This move comes as China navigates heightened tensions with the U.S., territorial disputes in the South China Sea, and concerns over Taiwan.
On the economic front, the target of around 5% GDP growth signals a cautious yet determined approach to sustaining economic momentum.
This figure aligns with last year’s target and reflects the government’s focus on addressing domestic challenges, such as a sluggish property market and subdued consumer spending, while countering external pressures like trade tensions with the U.S.
Premier Li Qiang emphasized the importance of boosting domestic consumption and fostering innovation to achieve this goal.
China’s dual focus on defence and economic growth highlights its efforts to balance national security with economic stability.
However, the path forward is fraught with uncertainties, including geopolitical tensions and the need for structural economic reforms.
As the world watches, China’s ability to navigate these challenges will shape its trajectory in the years to come.
China says
‘Tariff war, a trade war or any other type of war’ – China says it’s ready to fight U.S. until the end.
Ominous!