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Rivalry with US: China increases military spending by 7.2 percent

2023-03-05T07:36:06.158Z


The government in Beijing speaks of alleged "outside attempts to suppress China" - and decides during the People's Congress to significantly expand the defense budget.


Enlarge image

Member of a paramilitary unit in Beijing, where the People's Congress is currently taking place

Photo: THOMAS PETER / REUTERS

At the start of the National People's Congress, China announced an increase in arms spending by 7.2 percent compared to the previous year.

At the presentation of China's budget plan on Sunday, outgoing Prime Minister Li Keqiang told delegates in Beijing that "outside attempts to suppress and contain China" are currently escalating.

Li reiterated Beijing's position against "separatism" in Taiwan.

In a report, Beijing also announced comparatively low economic growth of "around five percent" as a target for 2023.

Presenting the 1.55 trillion yuan budget plan, Premier Li said China's armed forces should "intensify military education and training in all fields, devote more energy to combat training and military training." Strengthen work in all directions and areas«.

Twelve million new jobs planned

With the 7.2 percent that has now been announced, Beijing's defense spending will increase slightly more this year than in 2022, when the increase was 7.1 percent.

Last year, Beijing's defense spending was the equivalent of around 200 billion euros, second only to the USA in the world - whose spending, however, is significantly higher at a planned equivalent of 751 billion euros.

However, foreign experts believe that China is actually spending far more on its military than officially announced.

Referring to Taiwan, Li said Beijing should "promote the peaceful development of cross-strait relations and advance the process of China's peaceful reunification."

China sees Taiwan, which has been seceded since 1949, as a breakaway territory.

Relations between China and the USA had recently deteriorated considerably, also due to the Taiwan issue.

After a visit to Taiwan by then-US House Speaker Nancy Pelosi, China held massive military maneuvers in the seas around Taiwan.

3000 nicks

However, the targeted economic growth of "around five percent" announced at the beginning of the People's Congress corresponds to one of the lowest values ​​in recent decades.

A report presented by Premier Li said China will create "about 12 million new urban jobs" this year, bringing the unemployment rate there down to about 5.5 percent.

The growth target issued by the government is still below the value of 5.3 percent that experts had forecast in the run-up to the congress.

Last year, China reported economic growth of just three percent - and thus fell well short of the target of 5.5 percent published at the People's Congress in 2022.

Months of strict corona measures and a real estate crisis had weighed on the Chinese economy.

At the National People's Congress, which has now begun and is expected to last ten days, the almost 3,000 deputies should, as usual, unanimously approve the decisions of the ruling Chinese Communist Party.

It is therefore considered certain that President Xi Jinping will be confirmed as head of state for a third term.

This further cemented his position as the most powerful president since the founder of the state, Mao Zedong.

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Source: spiegel

All news articles on 2023-03-05

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