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Reuters

China Spent $15.3 Billion on Pacific Exercises in 2023

2024-08-27T005920Z_983594604_RC22C0ACYFPY_RTRMADP_3_TAIWAN-CHINA-MILITARY (1)

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Reuters

12:47 JST, August 27, 2024

TAIPEI (Reuters) – China spent about $15 billion, or 7% of its defense budget, on exercises in the Western Pacific in 2023, according to a previously unpublished Taiwanese estimate, showing Beijing’s investment in military activity around Taiwan and its neighbors.

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