China made $ 179 billion this year, up from $ 177.6 billion last year. China has more than three times India’s defense budget. This year, China’s defense budget has been low, with only minimal increases over the past year. The decline in the allocation of defense budget is partly due to the impact of the Kovid pestilence on the country’s economy. The details of the budget were released on Friday in the Parliament of the National People’s Congress (NPC).
However, China’s defense spending has been criticized for being too secretive and spending more on fireworks and defense research than China estimates. But the counter-question that Chinese representatives regularly ask those who criticize China’s spending is on the US defense budget. The US spends more than four times the budget of China’s budget and is the world’s most expensive country.