Each spring, China releases a government budget report that provides valuable insights into the country’s spending priorities and overall fiscal health. Yet these budgets can be difficult to parse, and the topline figures only tell part of the story. This ChinaPower feature untangles the details behind China’s government budget.
China’s military budget provides insight into its expanding military capabilities. In terms of gauging relative military strength, defense budgets can be compared between countries and over a set period of time to assess overall trends.