US intelligence Says China Is Actually Spending $700 Billion A Year On Defense

Recently, we had a brief from some of our intelligence officials. They said that the real Chinese military budget is probably closer to about $700 billion.

And we are supposed to cut the defense budget at one of the most dangerous times since World War II?? pic.twitter.com/rohCKOTfEa

— Sen. Dan Sullivan (@SenDanSullivan) June 1, 2023

Foreign Policy: China’s Defense Budget Is Much Bigger Than It Looks  

The actual number could be more than double the current Western estimate. 

U.S. Sen. Dan Sullivan recently revealed that U.S. government estimates put the Chinese annual defense budget at around $700 billion. That is far higher than previous estimates and almost on par with the United States’ 2023 defense budget of just over $800 billion. 

Sullivan’s number stands in stark contrast to other estimates of Chinese defense spending. One of the most respected independent sources of defense data, the Stockholm International Peace Research Institute, pegs China’s military budget for 2022 at only about $290 billion. The new, much higher number also completely contradicts the widespread assertion that U.S. defense spending is so lavish that it amounts to more than that of the next 10 countries put together.  

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Update: China’s Military Spending Is Much Bigger Than We Thought (Bloomberg)  

WNU Editor: I even think this $700 billion is a low-ball estimate. I know China has exploded their defense spending in the past decade, and it is producing results.  

Update #2: I have also been hearing a lot of this .... "For every dollar China spends on developing new weapons, the United States has to spend 20 dollars" (Min.news).