China ramps up military spending

US approves $619 million in arms to Taiwan

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • China boosts military spending by billions as US warns of potential Taiwan invasion
  • US officials have warned that China could invade Taiwan as early as 2027
  • The Chinese government will boost its military spending by 7.2% this year, rising to a total budget of 1.56 trillion Yuan.
  • In U.S. dollars, China’s budget now sits at $230 billion, up nearly $16 billion from its budget in 2022. China’s Ministry of Finance announced the new infusion of cash in its annual report on Sunday. The spending increase comes as the U.S. warns of a potential Chinese invasion of Taiwan in the near future. U.S. officials have also warned China against sending lethal aid to support Russia’s invasion of Ukraine.

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