In a Period of Brute Force, China Increases Its Military Budget Yet Again
From www.dailysignal.com
2022-03-11 19:05:35
Frederico Bartels
Excerpt:
The Chinese Communist Party announced this week it will increase the budget for the People’s Liberation Army by 7.1%.
The announcement occurred at the opening session of the National People’s Congress—the annual rubber-stamp parliament. Thus, it is just a matter of time before the extra resources start following to the People’s Liberation Army.
This increase continues the trend of sustained increases in the Chinese military budget. Since 2018, the Chinese Communist Party has increased the People’s Liberation Army budget by over 28% with consecutive annual increases of between 8.1% and 6.6%.
Contrast this with the U.S. defense budget which grew little under 5% from 2018 to 2021. However, if you take inflation into account, the U.S. defense budget decreased by 3% in those four years.
