The CCP has Increased Its Military Expenditure to 1.6 Trillion RMB

03/07/2024 Anna on Outside the Beltway: The Chinese Communist Party's defense budget is set to increase by 7.2%, reaching 1.6 trillion RMB (approximately US$222 billion). This amount does not even include research and development costs or expenses for external weapons procurement. Ironically, the majority of the Chinese populace lives in poverty, yet the CCP is attempting to address its economic issues solely through issuing a one trillion RMB government bond.
03/07/2024 喜安娜做客OUTSIDE THE BELTWAY：中共的国防预算将增长 7.2%，达到 1.6 万亿元人民币（约合2220亿美元）。这一数字甚至不包括研发费用和对外采购武器的开支。具有讽刺意味的是，大多数中国人生活在贫困之中，而中共却试图仅仅通过发行一万亿人民币的国债来解决经济问题。