Estimating China’s Military Expenditures
Abstract
Rapid expansion of Asian economies has increased national funds available for government spending and
enabled finances devoted to military spending to grow dramatically. Of particular concern for the national
security of the United States is the military expenditure of China. A rising China poses a strategic challenge to the
United States. China is modernizing its military and intends to become a significant power, prompting many
analysts and policymakers to voice concern about the military intentions and potential of China. The sheer
magnitude of China’s expenditures and the perception that it will be a peer competitor to the United States
within the coming decades imparts added urgency to the need for better estimates of the nature and size of
Chinese military expenditures.
Description
United States Institute for Peace, International Network for Economics and Conflict
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