BEIJING – China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday.
The figure is down from the double-digit percentage increases of just a few years ago that have given China the second biggest defense budget in the world behind the U.S.
The People’s Liberation Army, the ruling Communist Party’s military wing, is the world’s largest standing military and in recent years has added aircraft carriers, nuclear-powered submarines and stealth fighters to its arsenal, most of them produced domestically.
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