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Page 32 - நிலை ஓஂட் சொத்துக்கள் மேற்பார்வை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Chinese defense budget to continue to rise in 2021 | analysis focus army defence military industry army

Tuesday, 02 March 2021 11:29 Despite the impact of COVID-19 over the past year, many Chinese military analysts and observers believe that the country s defense budget for 2021 will continue to increase, likely at a higher growth rate than 2020, and they name China s positive economic growth, the tough military threats China is facing and China s own rightful needs to develop national defense capacity as the main reasons, Global Times reports. Chinese 122mm SPH, combined arms brigade, 77th Army Group, plateau area, June 28, 2020 (Picture source: eng.chinamil.com.cn- Xue Zikang) Economists and fiscal experts expect the world s second-largest economy to taper spending at large in 2021 on a tightening budget though, after a record 3.6 percent budget deficit target for coronavirus-inflicted 2020, Global Times reports. Several military experts reached by the Global Times a week prior to the expected release of the figure predicted a growth rate of around 7 percent.

China s northeast shows positive growth, strong resilience - Buz & Tech News

2021-03-01 22:33:11 GMT2021-03-02 06:33:11(Beijing Time) Xinhua English BEIJING, March 1 (Xinhua) China s three northeastern provinces all achieved positive economic growth in 2020, a sign of the country s economic resilience against the backdrop of the world s worst pandemic in decades. Last year, the GDP of Liaoning, Heilongjiang and Jilin, once China s major industrial bases, grew 0.6 percent, 1 percent and 2.4 percent, respectively, while the country gained a 2.3-percent increase as a whole, making itself the only major economy in the world to achieve positive economic growth in 2020. The region s economic activity has maintained this gratifying momentum since the beginning of 2021. Jilin s fiscal revenue in January reached 16.46 billion yuan (about 2.54 billion U.S. dollars), an increase of 22.7 percent, the second highest growth of all the provinces in China. And the figure for Liaoning during the same period also hit 33.14 billion yuan, up 3.7 percent year on year.

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