China’s Defense Spending: The $700 Billion Distraction
American political and military leaders are amplifying flawed estimates that China’s annual defense spending is much higher than it actually is. In these mistaken calculations, China’s defense spending has reached $700 billion, approaching the level of the U.S. defense budget. These exaggerated estimates have gained traction in Congress, the media, and defense circles. However, as we show in our recent article in the Texas National Security Review (and as we also discussed on Horns of a Dilemma) these exaggerated estimates count spending categories for China without counting similar spending for the United States and apply purchasing power parity methods emphasizing The post China’s Defense Spending: The $700 Billion Distraction appeared first on War on the Rocks.
American political and military leaders are amplifying flawed estimates that China’s annual defense spending is much higher than it actually is. In these mistaken calculations, China’s defense spending has reached $700 billion, approaching the level of the U.S. defense budget. These exaggerated estimates have gained traction in Congress, the media, and defense circles. However, as we show in our recent article in the Texas National Security Review (and as we also discussed on Horns of a Dilemma) these exaggerated estimates count spending categories for China without counting similar spending for the United States and apply purchasing power parity methods emphasizing
The post China’s Defense Spending: The $700 Billion Distraction appeared first on War on the Rocks.
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