China's Defense and Economic Plans for 2025

In a significant move, China has decided to boost its defense spending by 7.2% in 2025, maintaining the same growth rate as the previous year. This announcement was made by Premier Li Qiang during the Government Work Report presentation at the national legislature's annual session.

Alongside defense, the country is set to issue 4.4 trillion yuan (approximately $613.67 billion) in local government special-purpose bonds, marking an increase of 500 billion yuan from last year. This financial strategy aligns with China's GDP growth target of around 5% for 2025, as previously reported by media outlets.

Moreover, the government report highlighted Beijing's commitment to advancing reunification efforts and enhancing policies for economic and cultural exchanges across the Taiwan Strait, signaling a continued focus on national unity and regional cooperation.