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China hikes defence budget to USD 209 billion, 6.8 per cent increase

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China on Friday hiked its defence budget to USD 209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021. The budget hike was announced by Chinese Premier Li Keqiang at the country’s Parliament, the National People’s Congress (NPC).China on Friday hiked its defence budget to USD 209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021. The budget hike was announced by Chinese Premier Li Keqiang at the country’s Parliament, the National People’s Congress (NPC).

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