China’s defence budget to cross $200 billion with 6.8% hike

[Yasser76]

The hike is only a slight raise from the 6.6% increase announced in 2020 amid the pandemic, which was the lowest increase in many years.
China’s defence budget will for the first time cross $200 billion with the government on March 5 announcing a 6.8% hike in defence spending for 2021.
The announcement was made at the start of the week-long session of the National People’s Congress (NPC), the Communist Party-controlled legislature, in Beijing.
The hike is only a slight raise from the 6.6% increase announced in 2020 amid the pandemic, which was the lowest increase in many years. The defence budget saw double-digit increases until 2015, and was pegged at 7.5% in 2019.
The budget in 2021 was announced as 1.35 trillion Yuan ($209 billion), up from 1.27 trillion Yuan ($179 billion) last year.

More than India’s defence budget
This will take China’s defence spending to more than four times India’s $49.75 billion budget, not including pensions. India’s budget last month announced a modest 1.48% hike in total defence spending, to ₹4.78 lakh crore ($65.7 billion) including defence pensions, or ₹3.62 lakh crore ($49.75 billion) minus pensions. India also announced a record 18.5% increase in capital outlay to ₹1.35 lakh crore ($18.4 billion).

Unlike in India, spending on pensions in China is also shared by the Ministry of Civil Affairs as well as provincial (state) governments, although part of the budget’s personnel allocation is also for pensions. China also spends far less than India on import acquisitions, and its outlay on capital is harder to ascertain considering the defence budget does not close to fully account the military spends by China’s vast military industries, which are also mostly state-controlled.
China’s defence spending has in recent years evolved to reflect its on-going modernisation of the People’s Liberation Army (PLA), with a shift away from the traditionally dominant army and a greater share for the PLA Navy, Rocket Force and Strategic Support Force, which includes cyber warfare.
China in 2019 unveiled its first home-grown aircraft carrier, while two more are in construction. Its third carrier — and second home-grown one — is expected to launch this year. China in 2019 also unveiled its most advanced intercontinental ballistic missile, the Dongfeng-41, with an estimated 14,000-km range, capable of reaching the U.S.

China’s defence budget to cross $200 billion with 6.8% hike

The hike is only a slight raise from the 6.6% increase announced in 2020 amid the pandemic, which was the lowest increase in many years.

www.thehindu.com

 

[That Guy]

India is pretty much outclassed by China. India may be trying to compete, but it simply can't match dollar for dollar what China spends. This comparison is pretty pointless.

 

[xuxu1457]

China's military spending will be $209 billion in 2021，Increase by 6.8%.
1.3% of GDP，5% of Government fiscal expenditure.
30 Per cent for personnel costs, 30% for maintenance and training costs and 40% （$83.6 BILLION）for acquisition of equipment.

 

[newb3e]

Modi g will spend 1 billion Inr on media cell and builds perception!!

image pojetive = yindoon victory!

 

[faithfulguy]

This is from Indian media. I wonder if Chinese media care about Indian defense budget...

Or is this about India obsessed about a China who does not reciprocate.

 

[LKJ86]

China's economy could double in size by 2035 — and surpass the U.S. along the way

China would surpass the U.S. as the world's largest economy around 2027-2028, said an economist from the Bank of America.

www.cnbc.com

Global military spending grows as US dominance is ‘being challenged’ by China

Beijing’s military force ‘on target to fight and win wars and project power globally by 2049’

www.thenationalnews.com

 

[CAPRICORN-88]

China's military spending will be $209 billion in 2021，Increase by 6.8%.
1.3% of GDP，5% of Government fiscal expenditure.
30 Per cent for personnel costs, 30% for maintenance and training costs and 40% （$83.6 BILLION）for acquisition of equipment.

Only 6.8% increase.
IMO China is acting pretty confident nowadays.
Trump would have increase US defence budget by another USD100 billion easily if he still in office.

 

[samsara]

UPDATE 1-China 2021 Defense spending increased 6.8% to 1.35 trillion yuan, slightly expanding growth rate

Reuters | March 5, 2021 10:19 AM

BEIJING, March 5 (Reuters) - China will increase defense spending by 6.8 percent from last year to 1.35 trillion yuan ($208.47 billion) in a budget for 2021 unveiled on Monday at the annual session of the National People's Congress. It is basically in line with the economic growth target (above 6%).

The economy was hit by the novel coronavirus epidemic, and the growth was only modest, up from 6.6% last year, which was the lowest growth in 30 years. Single-digit growth for the sixth consecutive year.

Prime Minister Li Keqiang said in a government activity report that he would strengthen the military this year through "reform, science and technology, and training of talented people."

"We will fully strengthen military training and readiness. Make an overall plan to address security risks in all areas and situations. The military serves to protect the national sovereignty, security and interests. To increase the strategic capacity of the military."

"We will improve defense-related science and technology and industry, and strengthen the national defense mobilization system," he said, but did not disclose details.

The 2021 defense budget is about a quarter the size of the United States.```

 

[Beast]

India is pretty much outclassed by China. India may be trying to compete, but it simply can't match dollar for dollar what China spends. This comparison is pretty pointless.

Not only that. Most of China military is home made vs purchase abroad. That means per unit can be much lower compare to buy overseas of India.

 

[52051]

Hope there is sufficient money to allocate to expand the strategic nuclear arsenal rapidly.

 

[xuxu1457]

This is from Indian media. I wonder if Chinese media care about Indian defense budget...

Or is this about India obsessed about a China who does not reciprocate.

you're right.

China's defense budget maintains single-digit growth for six consecutive years - Xinhua | English.news.cn

www.xinhuanet.com

Not only that. Most of China military is home made vs purchase abroad. That means per unit can be much lower compare to buy overseas of India.

India's P15B needs $1.5 billion a ship, too many parts to import, and China's 055 destroyer is only $900 million a ship.

 

[samsara]

China boosts defense budget by 6.8% in 2021, slightly higher than 6.6% last year. Military spending accounts for around 1.3% of China’s total GDP, far lower than the level of the US and NATO nations.

You will believe China is a peace-loving country as long as you are not biased.

China increased its 2021 #defense budget by 6.8 % to 1.35 trillion yuan ($209 billion) in a quicker pace than last year’s 6.6% growth, which analysts believe is normal, steady and restrained as China resiliently emerges from COVID-19 pandemic.

MORE AT: https://www.globaltimes.cn/page/202103/1217416.shtml

https://twitter.com/x/status/1367685699793608707

 

[faithfulguy]

you're right.

China's defense budget maintains single-digit growth for six consecutive years - Xinhua | English.news.cn

www.xinhuanet.com

India's P15B needs $1.5 billion a ship, too many parts to import, and China's 055 destroyer is only $900 million a ship.

Its better off for India to import their capital warships until they develop a commercial ship building industry or munitions industry. When India need to import most components, the per unit cost will be much more expensive. The problem is that it will continue perpetually unless they develop an industrial base, which will be more difficult as their budget is tie up in their imported “domestic “ made weapons. This become a cycles that prevent them from growing. This is the attitude of flying before crawling. Doing something for the purpose showing off instead of practicality. But this is the Indian mind set.

 

[Beast]

India's P15B needs $1.5 billion a ship, too many parts to import, and China's 055 destroyer is only $900 million a ship.

P15 is only 1/4 capabilities of 055 cruiser and yet cost 60 percent more than it in USD.

 

[aziqbal]

US spends like 3-4% of GDP

1.3% is still extremely low for China

actually as % of GDP its one of the lowest of the top powers

can easily spend over 2% and that would be like $300 billion