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M. Taylor Fravel

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Estimating China’s Defense Spending: How to Get It Wrong (and Right)

Estimating China’s Defense Spending: How to Get It Wrong (and Right)

China’s defense spending is opaque, and China spends more on defense than its official 2024 defense budget of 1.67 trillion yuan ($232 billion) indicates. Some analysts claim China’s defense spending is equivalent to $700 billion, approaching the level of…