China plans to increase its defense budget by 7.2% to enhance its military capabilities, reflecting both economic slowdown and a global trend in rising defense expenditures. With a budget totaling approximately $245 billion, this decision arises amid tensions involving the US, Taiwan, and neighboring countries. Premier Li Qiang highlighted the commitment to reunifying Taiwan with China while opposing its independence. Analysts suggest China's military advances aim primarily at establishing regional dominance, particularly concerning Taiwan, and include developing advanced technologies like nuclear capabilities and aircraft carriers.
The Chinese government says it will keep its defence budget by 7.2% this year to develop a more advanced military aimed at challenging US forces in Asia.
Tensions with the United States, Taiwan, Japan, and other neighbours are believed to be driving Beijing's military technology advancements, including nuclear weapons and aircraft carriers.
Premier Li Qiang stated that while China favours a peaceful resolution to the Taiwan issue, he 'resolutely opposes' those pushing for Taiwan's formal independence.
China's primary goal remains to establish dominance over Taiwan, a self-governing territory it claims as its own.
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