China will increase military spending by more than 7% this year, while warning of “escalating” threats.

It was announced at the National People’s Congress (NPC) parliament, which is due to confirm President Xi Jinping’s third term.

Outgoing Premier Li Keqiang told the NPC that “external attempts to suppress and contain China are escalating”, and warned that the armed forces should intensify military training and preparedness across the board.

It was also announced at the meeting that China would pursue a reduced economic growth target of about 5% this year.

US officials have also repeatedly warned that China may invade Taiwan in the coming years. China has held ever-growing displays of military force in the air and seas around Taiwan, including the firing of ballistic missiles.