DefenceTalkChina will increase its military budget by a slower 6.6 percent this year, the government announced Friday at the opening session of its annual National People’s Congress. The budget will be set at 1.268 trillion yuan ($178 billion) for the year — the second-biggest in the world after the United States — continuing a downward […]https://www.defencetalk.com/china-military-budget-growth-slows-to-6-6-percent-75638/

British military equipment maker BAE Systems said Thursday that its annual net profit shot higher on rising military budgets around the world. Profit after tax rallied almost 50 percent to about £1.5 billion ($1.3 billion, 1.2 billion euros) in 2019 compared with a year earlier, BAE said in a results statement. Revenues jumped nine percent […]

DefenceTalkChina unveiled a fresh double-digit spending boost for its military on Thursday with a 10.1 percent increase in 2015, as it is embroiled in a series of territorial disputes with its neighbours. Beijing plans to raise its military spending to 886.9 billion yuan ($141.4 billion), according to a budget report to the annual session of […]https://www.defencetalk.com/china-extends-military-splurge-with-10-1-budget-increase-63395/