It is fashionable today to talk about the China Threat. This was especially true 2 weeks ago when China released its new budget showing a big percent increase in defense spending. Thought you might like to see the real numbers. U.S. spending towers over everyone, including China, which will spend $45 billion this year, about one-fifteenth as much as we do.
It is true that China is growing very large in many ways and that China’s growth is something we should not ignore. And it is true that China’s interests are not our own, just like all the other countries. Maybe we should use this time to get better acquainted. Just a thought.
2005 defense spending