The Prague Post - China boosts military spending with eyes on US, Taiwan

EUR -
AED 4.257382
AFN 73.03299
ALL 95.941037
AMD 436.788213
ANG 2.074761
AOA 1063.039974
ARS 1624.721811
AUD 1.647651
AWG 2.089563
AZN 1.958974
BAM 1.949927
BBD 2.336363
BDT 141.753056
BGN 1.910048
BHD 0.437198
BIF 3441.803999
BMD 1.159258
BND 1.478946
BOB 8.015995
BRL 6.064659
BSD 1.160006
BTN 106.870042
BWP 15.543119
BYN 3.381914
BYR 22721.4656
BZD 2.332973
CAD 1.584179
CDF 2619.923754
CHF 0.905984
CLF 0.026273
CLP 1037.397621
CNY 7.995983
CNH 7.997597
COP 4359.808731
CRC 547.035876
CUC 1.159258
CUP 30.720349
CVE 109.934837
CZK 24.393099
DJF 206.567842
DKK 7.471241
DOP 68.820642
DZD 151.667478
EGP 58.188168
ERN 17.388877
ETB 179.922243
FJD 2.559701
FKP 0.867257
GBP 0.870876
GEL 3.135805
GGP 0.867257
GHS 12.442685
GIP 0.867257
GMD 85.208602
GNF 10173.140301
GTQ 8.897279
GYD 242.693223
HKD 9.063442
HNL 30.699273
HRK 7.531933
HTG 152.100579
HUF 385.894533
IDR 19596.104822
ILS 3.572255
IMP 0.867257
INR 106.229223
IQD 1519.629607
IRR 1529145.944052
ISK 144.710065
JEP 0.867257
JMD 181.142856
JOD 0.821895
JPY 182.211666
KES 149.718597
KGS 101.37708
KHR 4654.939711
KMF 491.525366
KPW 1043.302414
KRW 1702.921644
KWD 0.356518
KYD 0.966693
KZT 575.828156
LAK 24837.406885
LBP 103878.530005
LKR 360.248082
LRD 212.282461
LSL 18.988509
LTL 3.422989
LVL 0.701224
LYD 7.374788
MAD 10.768452
MDL 20.073541
MGA 4823.451524
MKD 61.60214
MMK 2434.317336
MNT 4136.405913
MOP 9.340408
MRU 46.173537
MUR 54.926005
MVR 17.922207
MWK 2011.433123
MXN 20.489885
MYR 4.575011
MZN 74.082455
NAD 18.98859
NGN 1603.729749
NIO 42.690684
NOK 11.192907
NPR 170.989525
NZD 1.960381
OMR 0.445741
PAB 1.160026
PEN 3.96765
PGK 4.993851
PHP 67.970219
PKR 324.305931
PLN 4.279704
PYG 7553.250492
QAR 4.219229
RON 5.092856
RSD 117.42361
RUB 90.280809
RWF 1691.590535
SAR 4.351591
SBD 9.333955
SCR 16.703041
SDG 697.292992
SEK 10.689105
SGD 1.481654
SHP 0.869744
SLE 28.407771
SLL 24309.069293
SOS 661.801024
SRD 43.524937
STD 23994.309361
STN 24.425905
SVC 10.150472
SYP 128.150713
SZL 18.994627
THB 36.703279
TJS 11.095577
TMT 4.068997
TND 3.389221
TOP 2.791216
TRY 50.986632
TTD 7.859396
TWD 36.767619
TZS 2973.960473
UAH 50.850126
UGX 4286.146089
USD 1.159258
UYU 44.954989
UZS 14128.507524
VES 492.849461
VND 30398.654679
VUV 138.467801
WST 3.158739
XAF 653.981642
XAG 0.014237
XAU 0.000225
XCD 3.132954
XCG 2.090612
XDR 0.813347
XOF 653.987267
XPF 119.331742
YER 276.584163
ZAR 19.078438
ZMK 10434.711203
ZMW 22.245998
ZWL 373.280748
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    0.0100

    23.3

    +0.04%

  • CMSC

    0.0790

    23.489

    +0.34%

  • RYCEF

    0.4500

    17.97

    +2.5%

  • RIO

    0.9400

    96.25

    +0.98%

  • RELX

    -0.7600

    34.18

    -2.22%

  • BTI

    0.6000

    61.01

    +0.98%

  • BCE

    0.0500

    26.45

    +0.19%

  • GSK

    -0.2400

    56.83

    -0.42%

  • AZN

    -0.2300

    201.53

    -0.11%

  • NGG

    -0.3100

    90.43

    -0.34%

  • BCC

    -0.4300

    78.32

    -0.55%

  • VOD

    0.1500

    15.03

    +1%

  • JRI

    -0.1200

    12.91

    -0.93%

  • BP

    -0.0200

    38.84

    -0.05%

China boosts military spending with eyes on US, Taiwan
China boosts military spending with eyes on US, Taiwan / Photo: Florence Lo - POOL/AFP

China boosts military spending with eyes on US, Taiwan

China announced a seven percent boost to its defence budget for 2026 on Thursday as it steadily increases spending to counter the United States and enforce its claims over Taiwan and the South China Sea.

Text size:

The latest rise keeps China's spending at a third of that of the United States, but the Asian power is working to close the gap.

Beijing plans to spend 1.9096 trillion yuan ($276.8 billion) on defence, according to a report published at the opening of the annual "Two Sessions" parliamentary meeting.

Premier Li Qiang told delegates that China will aim to strengthen the military and "carry out major defence-related projects" over the next five years.

Analysts said the budget will finance military salary increases, training, manoeuvres around Taiwan, cyberwarfare capabilities and advanced equipment purchases, among other things, according to the report.

The increase marks a degree of continuity as Beijing pursues a sweeping anti-graft purge of the People's Liberation Army (PLA), which included the ousting of top general Zhang Youxia in January.

"China pursues an independent and self-reliant foreign policy. However, without robust military capabilities and technological prowess, our diplomatic stance would inevitably be subject to coercion or even dictated by certain nations, including the United States," military commentator Song Zhongping, a former Chinese army instructor, told AFP.

"China is unwilling to be a vassal state," said Song, who maintained that, by comparison, Japan and South Korea "only submit to American dictates".

The PLA must also strengthen its capabilities, he said, to "fully restore" Chinese jurisdiction over the disputed Spratly Islands, a chain of reefs and atolls in the South China Sea that are also claimed by the Philippines and where there are believed to be vast natural resources.

The United States is the world's biggest military spender, shelling out $997 billion in 2024, according to the Stockholm International Peace Research Institute (SIPRI).

- 'Proportionate' -

China has maintained a steady increase in military spending of around seven to eight percent each year since 2016.

However, its military spending as a percentage of GDP remains modest.

China's defence budget stood at 1.7 percent of GDP in 2024, well behind the US figure of 3.4 percent and Russia's 7.1 percent, according to SIPRI.

"That is proportional to its economy and legitimate defence needs," said Niklas Swanstrom, director of the Stockholm-based Institute for Security and Development Policy.

China claims its defence policy is solely aimed at protecting its territory, which it says includes self-ruled Taiwan.

It has only one military base abroad, in Djibouti, in contrast to the several hundred held by the United States.

"However, the absolute spending level (second globally) and rapid capability development concern neighbours," Swanstrom told AFP.

China's military buildup is fuelling an arms race in Asia and prompting some countries, particularly those with territorial disputes with China, to draw closer to Washington.

In Taiwan, leader Lai Ching-te wants to increase military spending in response to Beijing, which does not rule out the use of force to take control of the island.

The Philippines has also granted US access to more of its military bases.

Japan has been shedding its strict pacifist stance, with a record defence budget worth $58 billion approved in December for the coming fiscal year to expand its military capabilities.

- Beijing vs Washington -

The question of whether China could win a conflict against the United States remains unanswered.

The Chinese navy is considered to have more ships than any other country, but it lags behind the US Navy in tonnage, nuclear-powered submarines and aircraft carriers.

"The US remains the world's first-class armed forces both in terms of its military hardware and the hard operational experience of its personnel," said James Char, a Chinese military specialist at Nanyang Technological University in Singapore.

Swanstrom noted that the United States benefits from its superior global logistics, more advanced submarines and stealth technology, a larger nuclear arsenal, combat-experienced personnel and extensive alliance networks.

However, the balance would be radically different closer to China's shores if the US Navy were to intervene militarily, for example, to support Taiwan against Beijing.

"Most critically, neither side could 'win' meaningfully," Swanstrom said.

"Economic devastation, casualties, and nuclear escalation risks would be catastrophic for all parties."

T.Musil--TPP