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China’s military
ChinaMilitary

China ups defence spending in 2020 but ‘economic growth cushions increase’

  • Border tensions, maritime activities and coronavirus controls all put extra strain on PLA purse, sources say
  • Pressure from the United States also contributed to greater outlays, observer says

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Growth in China’s economy helped cushion increases in military spending in 2020, according to a think tank. Photo: AFP
Minnie Chan
China again increased spending on its military last year, reflecting a global increase in defence expenditures in spite of the coronavirus pandemic, according to a Sweden-based research group.

In a report released on Monday, the Stockholm International Peace Research Institute (SIPRI) said China spent an estimated US$252 billion on its armed forces in 2020, 1.9 per cent more than it laid out the previous year.

The increase was lower than the 2.6 per cent increase globally but the total was 41 per cent higher than the budget announced by Chinese Ministry of Finance last year.

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Defence spending around the world rose to US$1.981 trillion, with the five biggest spenders – the United States, China, India, Russia and Britain - together accounting for 62 per cent of the global total, the group said.

Military spending by the US grew by 4.4 per cent to a total of US$778 billion in 2020, or about 39 per cent of the global total.

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