China Boosts Defense Spending

March 5th, 2013
in econ_news, syndication

Econintersect:  China has announced its budget for 2013 and defense will get 10.7% more than in 2012.  Corrected for inflation the real increase is 7.0%.  China's 2013 defense budget is $116 billion.  This compares to the U.S. spending more than four times that amount, $500 +/- billion, depending on how much of sequester is implemented, and near $600 +/- billion when overseas military operations are included.  China will spend nearly 5.3% of its budget on defense; the U.S. spent just over 16% of its fiscal 2013 budget on defense.


Follow up:

The graph displayed is quite misleading.  The red line shows real GDP growth while the defense spending growth is given in nominal terms.  The nominal growth in 2011 was 15.7% and 2012 11.2%.  The average annual real growth in those two years was 3.1%.  This the inflation adjusted growth for 2013 (7.0%) is more than double what has been over recent years.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved