As Joe Biden continues the woke-ification of the U.S. military, China's defense budget for 2022 is expected to grow by 'about seven percent' compared to last year.
a defense budget of $209 billion for the fiscal year 2021, a figure that represented a 6.8 percent increase from 2020. China’s defense budget for the fiscal year 2020 was $183.5 billion, or an amount 6.6 percent greater than that of 2019.
When reporting on Beijing’s defense budget for 2021, the Center for Strategic and International Studies noted that the officially announced figure of $209 billion “reveals no details about specific spending priorities and likely undercounts actual defense expenditures. Compared to many countries, especially democracies, China is far less transparent about how it allocates its defense spending.”
China’s true defense budget for 2019 may have been up to 40 percent greater than officially listed , according to CSIS: The Stockholm International Peace Research Institute estimated that Chinese defense-related expenditure actually reached $240 billion in 2019—nearly 40 percent higher than the official budget ,” according to CSIS. “Similarly, the International Institute for Strategic Studies put the 2019 figure at $234 billion. The U.S. Department of Defense has stated that China’s actual spending could be higher than $200 billion.
“I estimate this year’s GDP growth not to be as high as last year’s 8.1 percent, and the target will likely be put at 5 to 6 percent. But there is no way China will cut its military budget growth because of this. On the contrary, I think it should be higher than last year’s,” Song Zhongping, a Chinese military expert and TV commentator, told the
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