Article

China's defense budget will rise by 7% in 2026, reaching 1.9096 trillion yuan ($276.8 billion), as stated in a finance ministry report during the annual 'Two Sessions' political meeting. This increase is slightly below last year's growth and aligns with a consistent annual rise of 7-8% since 2016.

The budget will fund military salary hikes, training, and advanced equipment, amid a crackdown on corruption in the People's Liberation Army. The U.S. defense budget for 2024 is $997 billion, highlighting the disparity. China's military expansion is influencing regional dynamics, prompting some nations to strengthen ties with the U.S.