Are you ready for the big news? China has just announced a major increase in its defense budget, making many wonder if they are preparing for a world war! Could this be the start of something big? Hello and welcome to Prime Time TV. Stay tuned to learn more about China's plans and what it means for the world! But before we begin, please subscribe to the channel and click the notification bell to receive more amazing content. Now, let's get started with the video.
How much has China raised its defense spending? The answer is that China will increase its defense spending by 7.2% this year, which is slightly more than it did last year and faster than the government's modest forecast for economic growth, as Premier Li Keqiang urged for the armed services to improve battle readiness. According to the recently disclosed national budget, 1.55 trillion yuan, or $224 billion, is allotted to military spending.
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