China's military spending pegged at $200B; industrial espionage continues

By Tony Bertuca / May 2, 2019 at 5:13 PM
China spent about $200 billion on defense in 2018 and will likely grow that by an average of 6% through 2022, according to the Pentagon's annual report on Chinese military strength. While China announced a 2018 defense budget of $176 billion, the Pentagon says it is clear Beijing spent more as published figures omit several categories of expenditure such as research and development and foreign weapons procurement. The Defense Department estimated that Chinese military spending in 2017 was $190 billion...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.