The Chinese government has proposed a defense budget of 1.67 trillion yuan ($231 billion) for the 2024 fiscal year, a 7.2 percent year-on-year increase, according to a draft budget report submitted to the national legislature on Tuesday morning.

China National People's Congress: China vows to 'resolutely oppose' Taiwan Independence Day 2024

China has begun its annual National People's Congress meeting, the NPC is a part of the "two sessions and is an important window into Beijing's policies". The meeting this year is crucial this year as it will formalise President Xi Jinping's third time in the top office.

China begins National Party Congress, sets modest growth target

China's defence spending to rise, will spend $225 billion on Defence in 2023