China Targets 7% Rise in Defense Spending, Slowest Pace Since 2022
Beijing has detailed a 7% year-on-year increase in military expenditure, marking its most moderate defense budget growth rate since 2022 amid broader economic adjustments.
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Terms & Concepts
Defense spending: The portion of a government's budget allocated to maintaining and developing its armed forces and military capabilities.
Economic adjustment: Policy measures aimed at aligning fiscal spending and growth targets with current economic conditions.