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Reuters
Reuters
Business
Yew Lun Tian

REVEALED: China defence spending rise to outpace gdp target this year | Vintage Vibes

Military delegates attend the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2022. REUTERS/Carlos Garcia Rawlins

China will spend 7.1% more on defence this year, outpacing last year's hike and the government's modest economic growth forecast as Premier Li Keqiang seeks to safeguard the country's sovereignty, security and development interests.

Li pledged to enhance military training and combat readiness for the People's Liberation Army, which is developing an array of weapons from stealth fighters to aircraft carriers.

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