China: March 8, 2002


China is increasing it's military budget another 17.6 percent in 2002 and expects to maintain annual increases of about 15 percent through 2005. The 2002 defense spending will be $20 billion, which will reach $30 billion by 2005. This would still be less than ten percent of the U.S. defense budget. A lot of the additional spending is going into more modern weapons (often bought from Russia.) The government spending deficit in 2001 was $37 billion. The current legislative session (a rubber stamp operation, but an occasion for the leadership to make major announcements) admitted that corruption among Communist part officials was a serious problem. If corruption is not reduced, it was pointed out, chaos could follow. Any student of Chinese history would recognize the truth in that. 


Article Archive

China: Current 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 



Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close