FINANCE

China plans 7.1% boost for defense

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China projected defense spending growth of 7.1% this year, the fastest pace in three years, as President Joe Biden moves to strengthen the U.S. position in the Indo-Pacific region. Military …

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China raises army budget to $229B

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China announced on Saturday a 7.1-percent increase in its defense budget for 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the …

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