Fravel, Gilboy, Heginbotham: Getting China’s Defense Spending Right on ChinaPower Podcast | 2024 | News
Join the China Power Podcast to hear a conversation about "Getting China’s Defense Spending Right," with Taylor Fravel, George J. Gilboy, and Eric Heginbotham
Hosted by Bonny Lin, Director, China Power Project and Senior Fellow, Asian Security at Center for Strategic & International Studies (CSIS)
"In this episode of the ChinaPower Podcast, Dr. Taylor Fravel, Dr. George Gilboy, and Dr. Eric Heginbotham join us to discuss their recent article assessing China's defense budget. They challenge widely cited figures that estimate China's defense spending at $700 billion and provide an apples-to-apples analysis based on purchasing power parity. They assess China's defense spending is around $470 billion, about one-third of the U.S. defense budget, and detail what categories they included and excluded. The conversation explores the analytical shortcomings of current estimates, emphasizing the need for appropriate exchange rates and like-for-like item comparisons between China's and the U.S.'s defense budgets. They also discuss China's military priorities and modernization efforts and key factors that may determine the future trajectory of Chinese defense spending."
—Bonny Lin, CSIS