https://www.taxtmi.com/news?id=36041 China signalled an intention to raise its defence budget, to be presented to the legislature within the main state budget, with officials justifying higher defence outlays as necessary to protect sovereignty, security and development interests and to fulfil international responsibilities. Officials stated defence spending as a share of GDP remains below the world average and has been kept under a long standing threshold while annual growth has been single digit; observers, however, express scepticism about the official figures given rapid military modernisation. en-us Tue, 04 Mar 2025 14:31:04 +0530 Tue, 04 Mar 2025 14:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36041 China signalled an intention to raise its defence budget, to be presented to the legislature within the main state budget, with officials justifying higher defence outlays as necessary to protect sovereignty, security and development interests and to fulfil international responsibilities. Officials stated defence spending as a share of GDP remains below the world average and has been kept under a long standing threshold while annual growth has been single digit; observers, however, express scepticism about the official figures given rapid military modernisation. News - Tue, 04 Mar 2025 14:31:04 +0530 https://www.taxtmi.com/news?id=36041