In 2023, China allocated over $309 billion to its defense budget, marking a significant increase and establishing it as the largest military spender after the U.S. This spending, which quadrupled over the last two decades, has raised alarm among U.S. defense officials due to its implications for military readiness and nuclear capabilities. Reports indicate that China has bolstered its nuclear arsenal to over 600 warheads while enhancing its naval fleet and seeking to establish military bases globally. The increase has also benefited several Chinese defense companies, leading to concerns regarding regional stability and U.S. interests.
China's military spending has surged by more than 327% over the last 20 years, raising alarms about its potential threat to American interests.
In 2023, China's defense budget reached over $309 billion, marking the largest military buildup since World War II, second only to the U.S.
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