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13 March 2024
by Jon Grevatt
Janes Defence Budgets forecasts that growth in China’s total military spending, which includes its official defence budget, will start to slow down in the second half of this decade. (Janes)
China released its annual ‘work report’ on 12 March, outlining a government commitment to accelerate military modernisation in line with its current five-year plan, which ends in 2025.
The work report was formally adopted one day earlier on the final day of the second session of the 14th National People’s Congress (NPC) in Beijing.
In the report, the government said that it had made “new achievements and progress in national defence and military development” during 2023. It also outlined a commitment for similar progress in 2024.
“We will modernise the military governance system, advance military development as outlined in the 14th Five-Year Plan and speed up the implementation of major defence-related projects,” it said.
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