Logo 09 Mar 2023

I don’t know but I been told, the army’s getting extra gold

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The People’s Liberation Army (PLA) will see a budget increase of 7.2% in 2023, according to the national budget released on Sunday.
Is that a lot? Not really.

The budget is up ever so slightly from last year’s 7.1% increase and in line with nominal GDP growth.

It's also not the biggest y/y increas...