A dollar cost evaluation of mainland China's major weapon systems
Hildebrandt, Gregory G.
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Military analysts have consistently had difficulties determining the size of defense activities of the People's Republic of China. It is believed that mainland China's official reports on its military ex11enditures are understated. There is. however. another defense indicator. called the military capital stock. that measures total assets in inventory. These assets include military equipment (such as tanks and planes). military facilities (such as headquarters and supply depots). and the war reserve spares. ordnance. and other stocks that are held in inventory. As most estimates for China's defense budget are so unreliable. adapting the capital stock method holds the potential for increasing one's understanding of the size of China's military activities.
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