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Tags: china | defense | budget | military | conflict | xi jinping | war

China's $700 Billion Defense Budget 'Extremely' Concerning

Freshmen of a senior high school undergo military training in Guiyang, Guizhou Province, China, Aug 17. (AP)

By    |   Wednesday, 20 September 2023 07:43 AM EDT

China is reportedly spending nearly $700 billion on its military – more than double what Beijing previously disclosed and nearly in line with U.S. military spending – in what experts warn is yet another indication that President Xi Jinping is preparing for war.

A recently declassified U.S. Intelligence Community assessment pegs Chinese military spending at about $700 billion, which is significantly more than the $224.79 billion that China said it budgeted for the year.

Marisa Herman

Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.

© 2024 Newsmax. All rights reserved.


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China is reportedly spending nearly $700 billion on its military - more than double what Beijing previously disclosed and nearly in line with U.S. military spending - in what experts warn is yet another indication that President Xi Jinping is preparing for war.
china, defense, budget, military, conflict, xi jinping, war, pentagon
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2023-43-20
Wednesday, 20 September 2023 07:43 AM
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