China increases defense spending by 10.7% and is 30 years from catching up the USA

China’s defense spending will expand by 10.7 percent this year, reaching an official figure of $115.7 billion in 2013. The Pentagon adjusts China’s military budget to about $130-190 billion (an average of $160 billion).

China is about 30 years from catching up the USA on military spending but was double the spending of the number three country Russia.

In 2010, Nextbigfuture had a similar projection of China’s future defense spending

Estimate of Defense Budgets for China and the USA in Billions

Nextbigfuture has also looked closely at China’s procurement plans for major military systems

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