Defense Spending
The Arsenal of Democracy: Keeping China Deterred in an Age of Hard Choices
The Arsenal of Democracy: Keeping China Deterred in an Age of Hard Choices
The margin of deterrence against China is rapidly shrinking, driven not by a failure of US technological innovation, but by the American and allied defense industrial base’s inability to field and sustain cutting-edge capabilities at scale, at speed, and…
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…