China spends more on defence, emphasis on militarisation

09 March, 2018, 09:34 | Author: Diane Mills
  • Trump said it was “great” that Xi Jinping would be allowed to serve indefinitely as Chinese leader

China spent $151 billion on the PLA past year, the second largest defence budget in the world but still four times less than the $603 billion United States outlay, according to the International Institute for Strategic Studies, a London-based think tank.

In July China sent a clear message to the world when it staged an awesome display of might in the biggest military parade ever to mark the 90th anniversary of the People's Liberation Army.

It [China's defense budget] looks to be connected to the nation's economy. "We see time and time again this reinforcement of the views that suggest this is a military focus, not an economic focus, not a diplomatic focus, it's not to ensure the navigation of all ships". "The country has seen its maritime interests being increasingly infringed upon in recent years, and thus seeking a stronger military is natural for it to safeguard its interests and counter any threat that may materialise from the aggressive posturing of others upset by its rise".

China on Monday set its Gross Domestic Product (GDP) growth target at around 6.5 percent for the year 2018-19, according to a government work report.

"China is facing a rapidly aging population".

Whilst Premier Li didn't talk about new trade sanctions from the U.S., he did mention challenges from global protectionism. I think Chinese leaders understand the changes taking place domestically. All he would say is that countries have to make their own choices when it comes to adjusting military spending and that they based theirs on the economy and their defensive needs.

For more, we recommend reading Trivium or the New York Times (paywall), or the full Work Report, Budget, and plan of the NDRC (National Development and Reform Commission), courtesy of the Wall Street Journal.

More news: China is pushing Africa into debt, says America's top diplomat

This year's defence budget for China would be at a whopping 175 billion dollars. In 2016, it grew by 7.6 per cent. The combined deficit of general public budget and overnment-managed fund budget could rise to 4.1% of GDP this year from 4% last year, Liu wrote. There's a slight increase. China will still remain as one of the world's fastest-growing economies in the world. But it's a quarter of what the USA defense budget.

Defense spending is forecast to rise 8.1% in 2018, faster than the 7% increase a year ago, according to a budget document released Monday. Chinese officials announced that the government plans to increase military spending this year by 8 percent.

Perhaps the most relevant comparison of military budgets is between China and its rival India.

China has also been developing a whole next-generation battery of weapons including hypersonic missiles and electromagnetic railguns. During the military conflict, the Chinese military reportedly employed a tactic known as "the human sea attack" to swamp enemy strongholds with massive amount of soldiers, which led to heavy casualties of Chinese forces.

In his speech in Florida, President Trump also called President Xi "a great gentleman" who was "the most powerful (Chinese) president in a hundred years", and lauded him for treating him "tremendously well" during Mr. Trump's visit in November 2017.

The US President only had words of approval concerning Chinese President Xi Jinping's tenure "for life".

Though President Donald Trump has (jokingly) expressed his approval, experts largely agree that the move could destabilize decades of progress toward democracy and instead move China even further toward authoritarianism.

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