Beijing announces an increase in military spending, while warning of 'escalating' threats.
China will increase military spending by more than 7% this year, while warning of "escalating" threats.
Beijing's military budget - around $225bn - is still dwarfed by that of the United States, which is four times greater.Outgoing Premier Li Keqiang told the NPC that "external attempts to suppress and contain China are escalating".It was also announced at the meeting that China would pursue a reduced economic growth target of about 5% this year.
The increase in military spending comes as Mr Xi is navigating worsening ties with the US over the Ukraine war and the recent spy balloon saga, even as he warms his embrace of Russian leader Vladimir Putin.
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