|Updated: 5/16/2006; 3:25:49 PM.
Post-9-11 events and analyses
Friday, May 20, 2005
China spending estimate reduced: Reminds me of how DoD estimates of the Soviet military were overstated. "The RAND Corporation, a research group that studies many issues for the Pentagon, estimated China's military spending totaled $31 billion to $38 billion in 2003, which it said was the most recent year for which full data was available. By contrast, the Defense Department has put the 2003 figure as high as $65 billion, 71 percent greater than the high end of RAND's estimate..
RAND estimated China's defense spending at 2.3 percent to 2.8 percent of gross domestic product in 2003. Using what it called newly available Chinese-language primary sources, it said this was 1.4 to 1.7 times the official Chinese number. By comparison, U.S. defense spending was 3.8 percent of GDP in 2003, or about $417.5 billion. " 12:09:37 AM
Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 3:25:49 PM.