China to increase defence spending by 7.2 per cent this year https://www.taxtmi.com/news?id=36150 Increase in the national defence budget was announced in a draft budget report submitted to China's Parliament by the Premier, proposing a year-on-year rise and specifying the planned defence expenditure in local currency and an approximate foreign-currency figure, while observers flagged skepticism about whether disclosed figures fully reflect rapid military modernisation. en-us Wed, 05 Mar 2025 08:31:03 +0530 Wed, 05 Mar 2025 08:31:03 +0530 TaxTMI RSS Generator China to increase defence spending by 7.2 per cent this year https://www.taxtmi.com/news?id=36150 Increase in the national defence budget was announced in a draft budget report submitted to China's Parliament by the Premier, proposing a year-on-year rise and specifying the planned defence expenditure in local currency and an approximate foreign-currency figure, while observers flagged skepticism about whether disclosed figures fully reflect rapid military modernisation. News - Wed, 05 Mar 2025 08:31:03 +0530 https://www.taxtmi.com/news?id=36150