[Budget] China Defense Budget $175 Billion (2013 – )
China Defense Budget
China’s defence budget in 2013 is about 120 Billion USD, up 10% compared to 2012, in PPP it is about 180 billion USD.
China’s defence budget in 2012 is about 100 Billion USD, in PPP it is about 150 billion USD.
China spends about 2.4% of the GDP in military.
USA defence budget in 2012 is about 600 Billion USD. USA spends 4.5% of the GDP in military spending.
If China also spends 4% GDP then China’s defense budget will reach 350 billion USD, getting very close to that of USA, and far more than the third place.