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How does China's military spending compare with others?

submitted by Joe Motion

(lurgee)
9 years 2 months ago

YouTube Description:

China's military budget is set to rise by about 10% in 2015. The move comes after several years of double-digit defence spending increases. It is the world's second-highest military spender, but remains far behind the US. Here's a quick look at the world's biggest military spenders.Video produced by Michael Hirst; figures courtesy of the International Institute for Strategic Studies

4 Comments

So does the US float a loan from China to pay for their military?

I've heard that China holds most of the US debt.

The crazy thing is that the US military budget doesn't even include the cost of the war in Iraq, which is an additional 2 - 6 trillion dollars....

This isn't news, and if this is the first you've heard of it, please get out from under your rock.

Drachen_Jager says...

IMO it's not all, strictly speaking, military spending.

A very large chunk of that money is earmarked for projects which are impractical in the extreme so uber-wealthy plutocrats who complain about how much they pay in taxes can siphon off billions into their own pockets and spend millions of the siphoned cash on managing their political influence.

Discuss...

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