London Daily

Focus on the big picture.
Sunday, Mar 01, 2026

China boosts military budget while warning of escalating threats

China boosts military budget while warning of escalating threats

China will increase military spending by more than 7% this year, while warning of "escalating" threats.

It was announced at the National People's Congress (NPC), a rubber-stamp parliament, which is due to confirm President Xi Jinping's third term.

Beijing's military budget - around $225bn (£186bn) - is still dwarfed by that of the United States, which is four times greater.

But analysts believe China downplays how much it spends on defence.

Outgoing Premier Li Keqiang told the NPC that "external attempts to suppress and contain China are escalating".

"The armed forces should intensify military training and preparedness across the board," he said.

It was also announced at the meeting that China would pursue a reduced economic growth target of about 5% this year.

The Two Sessions, as the meetings are known, are an annual affair.

But this year's sessions are particularly significant as delegates are expected to reshape several key Communist Party and state institutions.

This week's NPC meeting will also formalise Mr Xi's leadership of the country, as he will be elected president of China and head of the armed forces.

He secured his position in the echelons of Chinese power in October last year, when the Communist Party re-elected him as their leader for a third term.

The increase in military spending comes as Mr Xi is navigating worsening ties with the US over the Ukraine war and the recent spy balloon saga, even as he warms his embrace of Russian leader Vladimir Putin.

US officials have also repeatedly warned that China may invade Taiwan in the coming years. China has held ever-growing displays of military force in the air and seas around Taiwan, including the firing of ballistic missiles.

China sees self-ruled Taiwan as a breakaway province that will eventually be under Beijing's control.

The NPC will also unveil the new premier, China's equivalent of a prime minister who traditionally oversees the economy and administrative aspects of governance.

Li Qiang, one of Mr Xi's most trusted colleagues, is expected to assume the role.

China's Two Sessions: The basics

*  The Two Sessions in Beijing are the annual meetings of China's legislature and top political advisory body which attract thousands of representatives from across the country

*  The National People's Congress is the country's equivalent of a parliament that is, in theory, the most powerful state organ. In reality it acts as a rubber-stamp body for the ruling Chinese Communist Party, passing key laws on decisions that have already been made

*  The Chinese People's Political Consultative Conference (CPPCC), which has no real legislative power, draws its members from various sectors of society. Their debates are worth noting for emerging social and economic issues

Newsletter

Related Articles

0:00
0:00
Close
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
UK Police Contracts With Israeli Surveillance Firms Spark Debate Over Ethics and Oversight
United Airlines Passenger Hears Cockpit Conversations After Accessing In-Flight Audio Channel
Spain to Conduct Border Checks on Gibraltar Arrivals Under New Post-Brexit Framework
Engie Shares Jump After $14 Billion Agreement to Acquire UK Power Grid Assets
BNP Paribas Overtakes Goldman Sachs in UK Investment Banking League Tables
Geothermal Project to Power Ten Thousand Homes Marks UK Renewable Energy Milestone
UK Visa Grants Drop Nineteen Percent in 2025 as Migration Controls Tighten
Barclays and Jefferies Among Banks Exposed to Collapse of UK Mortgage Lender MFS
UK Asylum Applications Edge Down in 2025 Despite Rise in Small Boat Crossings
Jefferies Reports Significant Exposure After Collapse of UK Lender MFS
FTSE 100 Reaches Fresh Record Highs as Major Share Buybacks and Earnings Lift London Stocks
So, what's happened is, I think, government policy, not just under Labour, but under the Conservatives as well, has driven a lot of small landlords out of business.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
From fears of AI-fuelled unemployment to Big Tech's record investment, this is AI Weekly.
Apple just dropped iOS 26.4.
US Lawmakers Seek Briefing from UK Over Reported Encryption Order Directed at Apple
UK Business Secretary Calls on EU to Remove Trade Barriers Hindering Growth
Legal Pathways for Removing Prince Andrew from Britain’s Line of Succession Examined
PM Netanyahu welcome India PM Narendra Modi to Israel
Shadow Diplomacy: How Harry and Meghan’s Jordan Trip Undermines the Monarchy
Sir Jim Ratcliffe, co-owner of Manchester United, comments on immigration in the UK.
Bill Gates, the UN and the WEF are attempting to construct "a giant digital gulag for all of humanity" via digital ID, CBDCs and vaccine passport infrastructure.
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Downing Street’s Veteran Deception Scandal
UK HealthCare Expands ‘Food as Health’ Initiative Statewide to Tackle Chronic Illness in Kentucky
Leonardo Chief Says UK Set to Decide on New Medium Helicopter Programme
UK Slows Chagos Islands Agreement After Concerns Raised in Washington
European and UK Stock Markets Reach Fresh Highs as Banks and Miners Lead Rally
UK Government Insists Chagos Islands Negotiations Continue After Minister’s ‘Pause’ Remark
No Confirmed Deal for Engie to Acquire UK Power Networks Amid Market Speculation
UK Reaffirms Updated Entry Requirements for Travellers as of February 25, 2026
General Atlantic to sell equity stake in ByteDance, valuing the company at $550 billion
German Chancellor Friedrich Merz Secures Pledge from China for Greater Imports of Quality Goods
Lord Mandelson Condemns Arrest as Driven by ‘Baseless Suggestion’ He Would Flee Abroad
Former UK Ambassador Released on Bail Following Arrest in Epstein-Linked Investigation
×