China plans to increase its defense spending by 7.2% in 2025, matching last year’s growth. This move comes as President Xi Jinping aims to build a military capable of challenging the United States.
The country’s current defense spending stands at approximately $245 billion, expected to rise to about 1.78 trillion yuan this year. The decision reflects China’s growing ambition on the global stage and its desire to bolster its military capabilities.
Source: https://www.bloomberg.com/news/articles/2025-03-05/china-ramps-up-spending-on-its-military-as-us-looks-to-cut-costs