China ups defence spending in 2020 but ‘economic growth cushions increase’

Source: South China Morning PostChina again increased spending on its military last year, reflecting a global increase in defence expenditure in spite of the coronavirus pandemic, according to a Sweden-based research group.In a report released on Monday, the Stockholm International Peace Research Institute (SIPRI) said China spent an estimated US$252 billion on its armed forces in 2020, 1.9 per cent more than it outlaid the previous year.The increase was lower than the 2.6 per cent increase globally but the total was 41 per…Read More

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