The military budget of the People's Republic of China is the portion of the overall government budget that is allocated for the funding of the People's Liberation Army. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. Every March, as part of its annual state budget, China releases a single overall figure for national military expenditures.
China announces a military budget of 1.11 trillion yuan ($175 billion)
The military budget of the People's Republic of China is the portion of the overall government budget that is allocated for the funding of the People's Liberation Army.
Historical Significance
The military budget of the People's Republic of China is the portion of the overall government budget that is allocated for the funding of the People's Liberation Army.
Events Before
Australian Open Women's Tennis: Serena Williams defeats older sister Venus Williams 6–4, 6–4 for her 7th Australian titl
Australian Open Women's Tennis: Serena Williams defeats older sister Venus Williams 6–4, 6–4 for her 7th Australian title and record 23rd Grand Slam event singles victory
Discovery of a new mostly underwater continent, Zealandia, in the South Pacific is announced in the research journal "GS
Discovery of a new mostly underwater continent, Zealandia, in the South Pacific is announced in the research journal "GSA Today"
Jay-Z becomes the first rapper inducted into the Songwriters Hall of Fame alongside Max Martin, Jimmy Jam, and Terry Lew
Jay-Z becomes the first rapper inducted into the Songwriters Hall of Fame alongside Max Martin, Jimmy Jam, and Terry Lewis
World's oldest golf club, Muirfield in Scotland, votes to admit women as members for the first time in 273 years
World's oldest golf club, Muirfield in Scotland, votes to admit women as members for the first time in 273 years
Bob Dylan receives his Nobel Prize for Literature at a private ceremony in Stockholm
Bob Dylan (legally Robert Dylan; born Robert Allen Zimmerman, May 24, 1941) is an American singer-songwriter.
Events After
Dutchman Michael van Gerwen wins his 3rd PDC World Darts Championship; beats Englishman Michael Smith 7-3 at the Alexand
Dutchman Michael van Gerwen wins his 3rd PDC World Darts Championship; beats Englishman Michael Smith 7-3 at the Alexandra Palace in London
US grounds all Boeing 737 Max aircraft after bans by other countries following the plane type's second crash in Ethiopia
The Boeing 737 MAX is a series of narrow-body aircraft developed by Boeing Commercial Airplanes as the fourth generation of the Boeing 737.
Climate change strikes held by schoolchildren take place around the world, inspired by Swedish teenager Greta Thunberg
Greta Tintin Eleonora Ernman Thunberg is a Swedish activist best known for pressuring governments to address climate change and social issues.
Syrian Democratic Forces announce that the last Islamic State territory has been retaken, raising flags in Baghuz, Syria
Syrian Democratic Forces announce that the last Islamic State territory has been retaken, raising flags in Baghuz, Syria, and ending the five-year Islamic State "caliphate"
Amazon's Jeff Bezos and MacKenzie Bezos agree record-breaking $35 billion divorce settlement
Amazon's Jeff Bezos and MacKenzie Bezos agree record-breaking $35 billion divorce settlement
More from the 2010s
New FINA rules re competition swimsuits come into effect; all body-length swimsuits banned; men's suits to maximally cov
New FINA rules re competition swimsuits come into effect; all body-length swimsuits banned; men's suits to maximally cover from the waist to knee, and women's from shoulder to knee; fabric must be a "textile" or woven material
10 people are killed, and 120 are injured in a stampede in Luanda, Angola
10 people are killed, and 120 are injured in a stampede in Luanda, Angola
Dutchman Michael van Gerwen wins his first PDC World Darts Championship, defeating Peter Wright of Scotland 7-4; it is t
Dutchman Michael van Gerwen wins his first PDC World Darts Championship, defeating Peter Wright of Scotland 7-4; it is the first time no Englishman has been in the final
Lithuania adopts the euro as its currency, replacing the Litas and becoming the 19th member of the Eurozone
Lithuania adopts the euro as its currency, replacing the Litas and becoming the 19th member of the Eurozone
Frequently Asked Questions
- What happened on March 5, 2018?
- The military budget of the People's Republic of China is the portion of the overall government budget that is allocated for the funding of the People's Liberation Army. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. Every March, as part of its annual state budget, China releases a single overall figure for national military expenditures.
- Why is China announces a military budget of 1.11 trillion yuan ($175 billion) significant?
- The military budget of the People's Republic of China is the portion of the overall government budget that is allocated for the funding of the People's Liberation Army.