unrest and espionage will continue

Going the opposite direction, China’s spending on domestic security and the military has risen at a faster rate than the economy. Geopolitical tensions between China and its immediate neighbours in Asia and the West along with fears of domestic unrest and espionage will continue to fuel security-related spending. Officially, China’s military budget (54) will rise by 7.2% to a record RMB1.665 trillion or US$233 billion in 2024, although the actual spending is probably more than double the published figure “It marks the third year since COVID-19 hit that the budget has grown by above 7%,” said the International Institute for Strategic Studies (IISS). “Adjusted for purchasing power parity, the core 2024 defence budget would come to US$439 billion, while total military expenditure would reach US$574 billion.” สล็อตเว็บตรง