NATO Secretary General Jens Stoltenberg told CNBC that if the U.S. was concerned about the rise of China then it was 'even more important to maintain NATO to keep your friends and allies close.'
In March 2019, China set its 2019 defense spending 7.5% higher than a year ago, raising it to 1.19 trillion yuan , according to known figures .
The head of the North Atlantic Treaty Organization was responding to U.S. Defense Secretary Mark Esper's speech at the Munich Security Conference on Saturday, in which he called China a rising threat to the world order. In March 2019, China set its 2019 defense spending 7.5% higher than a year ago, raising it to 1.19 trillion yuan , according to known figures . This still lags behind U.S. spending, however, with its Defense Department having asked Congress for $718 billion in its fiscal 2020 budget.
The secretary general said that European allies and Canada will add $400 billion to their defense spending by 2024. "When it comes to defense spending, we're already moving in the right direction," he added.
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