04 March 2013

China’s Military Budget Bump: What it Means

Andrew S. Erickson, China’s Military Budget Bump: What it Means,” China Real Time Report (中国实时报), Wall Street Journal, 5 March 2013.

… This year’s increase to the military budget is similar to the 11.2% increase in 2012. As Princeton’s Adam Liff and I document in a forthcoming article for The China Quarterly (pdf preview), those growth rates are significantly less impressive when inflation is factored in. Yet even the PLA budget’s inflation-adjusted growth rate is the envy of Western militaries. …

 

For further details, including relevant official Chinese media statements, see: Andrew S. Erickson, “China’s 2013 Military Budget to Rise 10.7% to US $114.3 Billion–What it Means, and Why it Matters,” China Analysis from Original Sources (以第一手资料研究中国), 4 March 2013.