China Defense Budget

2014 data:
中国的国防预算今年将大幅增加至八千多亿人民币,约合1480亿美元,明年将达到1596亿美元。
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2013 data:
China’s defence budget in 2013 is about 120 Billion USD, up 10% compared to 2012, in PPP it is about 180 billion USD.

2012 data:
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.

去年中国国防预算为6702亿7400万元人民币,比上年预算执行数增加11.2%。数据显示,近年中国国防支出占GDP比重约1.4%,相对于美国逾4%,英国、法国等超过2%,中国的国防投入依然较低。

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.