China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security
Published On Mar 4, 2025, 11:02 PM
China plans to increase its defense spending by 7.2% in 2025, maintaining the same growth rate as in previous years. The defense budget will total about 1.78 trillion yuan (approximately $245 billion). This increase is significantly higher than China's economic growth target of around 5% for the year. The move reflects a broader trend of rising military expenditures among nations worldwide, particularly in response to geopolitical tensions.
Stock Forecasts
BA
Positive
The increase in defense spending indicates a strengthening Chinese military posture, likely impacting defense contractors positively, especially those in the aerospace and military technology sectors. Investors may want to consider defense companies that supply products to China's military.
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