Covid-19 Impact Scenarios on China Defense Budget Forecast
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China is on the road to recovery after being severely affected as the origin of the COVID-19 outbreak. Despite a GDP contraction during the first quarter of 2020, the economic pressure from mitigating the effects of COVID-19 has not caused defense budget cuts this year. China officially announced defense expenditure for 2020 to be US$186.7 billion (RMB 1.268 trillion), a 6.6% increase from 2019.
The post Covid-19 Impact Scenarios on China Defense Budget Forecast appeared first on Army Technology.
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