New Delhi, March 5 -- China on Thursday sharply increased its defence budget to $275 billion as it ramped up on efforts of the modernisation of the country's armed forces to compete with the US military.

The $275 billion China defence budget was $25 billion more than last year, according to data.

This also comes at a time when the world is seeing geopolitical conflicts in the recent years, with China itself being involved in a months-long tension with India that was recently resolved after soldiers from both sides clashed at the Galwan Valley.

China's defence budget hike coincides with the conflict in the Middle East, where the US is showing its military prowess by launching missiles and drones in Iran. The US along with Israel has kil...