World
China raises army budget to $229B

BEIJING, China: China announced on Saturday a 7.1-percent increase in its defense budget for 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the United States armed forces' dominance in the Indo-Pacific region.

The Asian superpower has the world's second-largest defense outlay after the US, allowing it to maintain the largest standing military, with 3 million personnel and an arsenal of advanced weaponry, including two aircraft carriers with more on the way, stealth fighters, an advanced missile force and nuclear-powered submarines.

GREAT GATHERING A wide view of the opening of the fifth session of the 13th National People’s Congress (NPC) at the Great Hall of the People in Beijing on Saturday, March 5, 2022. XINHUA PHOTO