Ambrose Evans-Pritchard at the Telegraph argues that China’s defense budget is actually shrinking due to inflation.
…China’s nominal GDP (growth plus inflation) will increase by 12pc to 13pc this year. Ergo, the defence budget is shrinking as a share of GDP.
If military salaries are going up at anything like the national wage rate, most of the money will be soaked up by pay.
Wisely, however, he adds
Whether the official figure reflects the actual spending is of course another matter. I leave that to the experts.
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About Jason Bradley
Is a former military member with experience in Iraq and time in Europe. He lives in the Washington DC area with his wife and two young children. His background is in national security and has remained in the field since separating from the military. He is a political science major with strong interests in American politics, history, economics, and foreign policy. This blog is away to express his interests and work with two outstanding members of the site, Mike and Jeff. He also contributes at Big Peace and Big Government. Email him at twe.jason@gmail.com
