. China beefs up military spending, morphs from ‘COVID zero’ to ‘dynamic zero’ « JO LEE MAGAZINE

THE SYDNEY MORNING HERALD/China’s increase in military spending will outstrip its economic growth this year as Beijing declares it will safeguard its security and development interests. The 7.1 per cent jump in defence spending is the largest official increase in three years and will top the Chinese economy’s 5.5 per cent growth – signalling Beijing is preparing for the international arena to deteriorate further. Chinese Premier Li Keqiang told the National People’s Congress on Saturday that the “external environment has become increasingly volatile and grave”.

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