As tensions continue to mount in the U.S.-China relationship, concerns have grown among U.S. political and military leaders regarding China's defense spending, which is often said to be significantly higher than it actually is. In a new report, M. Taylor Fravel, George Gilboy, and Eric Heginbotham argue that the estimate that China’s military spending has surged to $700 billion depends on flawed assumptions and miscalculations. The claim has gained traction in various circles, including in the U.S. Congress and the media, where some suggest China’s military budget is comparable to that of the United States.
In an interview conducted on October 9, 2024, M. Taylor Fravel, George Gilboy, and Eric Heginbotham, in conversation with Maryanne Kivlehan-Wise, discuss the implications of overestimating China’s defense spending and offer alternative methods to gauge China’s spending more accurately.
0:00 Introduction
1:43 Why is it important to track defense spending between the U.S. and China?
3:10 Why is tracking defense spending so difficult?
6:14 How to address challenges in reporting on defense spending
12:52 How much is China really spending on its military?
15:30 How is this analytical approach different than previous ones?
19:20 How do you calculate the cost of a missile?
24:07 Transparency issues
34:52 Insights for policy makers
#USChina #China #MilitarySpending #defense
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