Category: China’s military budget

Global Military Spending Sets New Record, Exceeds $2 Trillion: Stockholm Report

April 25, 2022
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The world’s military expenditures in 2021 surpassed two trillion dollars for the first time ever, hitting $2.113 trillion, according to the Trends in World Military Expenditure 2021 report published by the Stockholm International Peace Research Institute (SIPRI) on April 25. Global military spending in 2021 was 0.7 percent higher than in 2020 and 12 percent…

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China Gives Free Medical Benefits to Military Families to Get Troops Focused on War Preparation

November 1, 2021
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Starting Jan. 1, 2022, China’s military expenditure will be expanded to provide free or preferential medical treatment to military families, as part of efforts to “maintain a focus on war preparation” and “strengthen troops’ cohesion and combat power,” according to Chinese state-owned media. The new regulation will go into effect with the approval of Xi…

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