China boosts military budget by 7 per cent to USD 148 bn

Discussion in 'China' started by feathers, Feb 4, 2014.

  1. feathers

    feathers Tihar Jail Banned

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    China boosts military budget by 7 per cent to USD 148 bn : Asia, News - India Today
    PTI New York, February 4, 2014 | UPDATED 13:52 IST


    China will significantly increase its defence budget and spend USD 148 billion on its military this year, second only to the US, a surge driven by escalation in tensions with its neighbours over longstanding territorial disputes, according to a media report.

    The increase in military spending comes even as defence budgets at the Pentagon and in many NATO countries shrink.

    Even the budget for the US military, while more than that of China's, has seen a decline due to budget cuts.

    The New York Times cited a report by defence industry consulting and analysis company IHS Jane's, which said that China's People's Liberation Army is gearing up for a surge in new funding and will spend USD 148 billion on its military this year, up from USD 139.2 billion in 2013.

    The US is expected to spend USD 574.9 billion this year but that is down from USD 664.3 billion in 2012 after budget cuts slashed spending.

    China will continue to increase its military spending and by next year it is projected that it will spend more on defence than Britain, Germany and France combined.

    IHS said by 2024, China will spend more than all of Western Europe.

    "The surge in weapons spending by Beijing military outlays this year are set to be a third higher than in 2009 ? has come in tandem with an escalation in tensions with its neighbours over longstanding territorial disputes," it said.

    Through the additional billions of dollars, China is adding world class military equipment to its arsenal.

    In 2012, it commissioned its first aircraft carrier the Liaoning built from the hull of an uncompleted ship ordered by the Soviet navy in the 1980s.

    In 2011, a Chinese-made aircraft with stealth radar- evading capabilities flew on a test flight as the then US defence secretary Robert Gates was in Beijing.

    China is set to release its military spending for 2013 and its forecast for this year at the annual session of the National People's Congress next month in Beijing.

    Military analyst Ian Easton of the Project 2049 Institute in Arlington however said China?s military is far less capable than its large military budget would suggest.

    Chinese troops also lack real combat experience and some of the army's projects, including the aircraft carrier, are plagued by technical problems.
     
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  3. t_co

    t_co Senior Member Senior Member

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    First, 9bn / 139bn is 6.47%, which should round to 6%, not 7%.

    Second, this percentage increase in the defense budget is actually less than China's stated GDP growth.

    Third, India's defense budget grew even faster than China's over the preceding year.

    It would be far more accurate to say all of Asia is rearming, while NATO is disarming. If this trend leads to a shrinking differential in military power between these two regions, it would reverse of 500 years of geopolitical history.
     
  4. ladder

    ladder Senior Member Senior Member

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    What was the inflation value?
     
  5. badguy2000

    badguy2000 Respected Member Senior Member

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    well, CHina nominal GDP is about 9.4 trillion USD,about 2/3 of USA's.but CHina has a larger industry section than USA,,because USA's service section is 70%+ of its GDP while CHina's is only 40% of its GDP.

    and because CHinese RMB is undervalued very much,it means that CHina's pysical wealth-creating capacity(non-service section,such as food,clothes,houses,autos,household appliance,steel,electricity,..etc) is by far larger than USA>
     
  6. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    The real defense budget is far greater than this. It is far better to solve the issue with out going for Hegemonic designs and china should better realize the situation and behave, than to make enemies all around China which include Giants that can Match China in the near future.

    The issues like SCS and East Sea will have impact on the future Chinese citizens just like how Japanese are seen in China for Nanking incident.
     
  7. CCP

    CCP Senior Member Senior Member

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    Who are the giants can match China in the near future? When is your near future?
     
    Last edited: Feb 4, 2014
  8. Blackwater

    Blackwater Veteran Member Veteran Member

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    how much is allocated to deep friend pakistan??
     
  9. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    India and may be Russia.

    Less than a decade.
     
  10. CCP

    CCP Senior Member Senior Member

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    How? by your cheaper labour?
    Why wait for another decade?
    Your GDP growth rate always less than China, how can your GDP catch up China?
     
  11. bose

    bose Senior Member Senior Member

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    China's economic data are all made up...
     
  12. CCP

    CCP Senior Member Senior Member

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    Again, if you have a better data , then send it to IMF,UN .
     
  13. bose

    bose Senior Member Senior Member

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    Sure I will... UN and IMF are getting wrong made up date from China...
     
  14. CCP

    CCP Senior Member Senior Member

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    yeah, they should use yours.
     
  15. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    India is just like China and USA in 2000.
     
  16. CCP

    CCP Senior Member Senior Member

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    You can Google the GDP growth rate of China and US at that time, and that rate of India and China at today.

    At 2000 US GDP is far above China's GDP, but China's GDP growth rate is far above US's growth rate.

    Now, let's see how India doing now.
     
    Last edited: Feb 4, 2014
  17. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    I am just giving analogy, anything is possible if the right policies are implemented. Chinese GDP rates are exaggerated.
     
  18. CCP

    CCP Senior Member Senior Member

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    At 2000 US GDP is far above China's GDP, but China's GDP growth rate is far above US's growth rate.

    Now, let's see how India is doing now.

    The right policies can not give the cheap resources, food and industrial foundation as at 2000.

    Again , if you have a better Chinese GDP rate , you can send it to world Bank, IMF or UN.
     
    Last edited: Feb 4, 2014
  19. badguy2000

    badguy2000 Respected Member Senior Member

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    well,
    last year,
    CHinese consumed almost 10 times of steel, concrete and other raw materials than Indians.

    Chinese also bought 10 times of autos and houses than Indians.

    China finished 10 times of addiontal roads, expressways,and highspeed railways and other infrastructures than india.



    however, CHina's nominal GDP is only 4-5 times of India....


    then, which country,india or CHIna ,is exaggerating its GDP?
     
  20. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    In the same China the GDP is exaggerated close to 900 Billion dollars at local level last year!!!

     
  21. CCP

    CCP Senior Member Senior Member

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    Good news for you then.You should send your new data to IMF World bank and UN .
     

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