China boosts defence spending as regional disputes heat up

China will spend 1.665 trillion yuan ($231.4 billion) on defence in 2024, according to the budget report that lays out the government's financial plans for the year ahead. It has the world's second-largest defence budget behind the United States, even though the People's Liberation Army (PLA) surpasses the US military by number of personnel.

China boosts defence spending as regional disputes heat up
China will spend 1.665 trillion yuan ($231.4 billion) on defence in 2024, according to the budget report that lays out the government's financial plans for the year ahead. It has the world's second-largest defence budget behind the United States, even though the People's Liberation Army (PLA) surpasses the US military by number of personnel.