How Fearful is China's Military Rise?
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Chan, Edward
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The China Story
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During a meeting with delegates from the People’s Liberation Army (PLA) and the People’s Armed Police Force at the Fourteenth National People’s Congress in March 2023, Xi Jinping called for the improvement of China’s ‘integrated national strategies and strategic capabilities’ and to ‘accelerate the modernisation of [the] army as a world-class armed force’. His speech was seen as a signal of China’s intention to speed up its military transformation. Indeed, in the new government budget announced in March 2023, Beijing revealed a yearly budget of RMB 1.55 trillion (USD 224.8 billion), marking a 7.2 percent increase from the 2022 budget.
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The China Story
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Open Access
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Creative Commons 3.0 Unported license.