Since the USA's military-industrial-complex primarily functions as political patronage, and is only secondarily about maintaining empire, is it possible that the actual purchasing power of the Chinese military budget is fairly close to what the USA is getting out of their budget? Especially since China's military has a more limited mission, and so doesn't need the same level of capabilities for power projection that the USA does.
Since the USA's military-industrial-complex primarily functions as political patronage, and is only secondarily about maintaining empire, is it possible that the actual purchasing power of the Chinese military budget is fairly close to what the USA is getting out of their budget?
As well as the sheer speed with which Beijing is able to acquire new weapons, Holt contends, the Chinese are also operating far more efficiently. “In purchasing power parity, they spend about one dollar to our 20 dollars to get to the same capability,” he told his audience. “We are going to lose if we can’t figure out how to drop the cost and increase the speed in our defense supply chains,” Holt added.
“We have no competing fighting chance against China in 15 to 20 years,” Chaillan told the FT. “Right now, it’s already a done deal; it is already over in my opinion.”
Words of Cameron G. Holt, major general, in charge of all aspects of contracting.
I would imagine that the actual purchasing power of Chinese military far surpasses the US. Even Russia is able to outproduce the US militarily, and China is in a whole different league in terms of industrial power.
Question:
China's military budget is ~$230 billion
USA's military budget is ~$850 billion
Since the USA's military-industrial-complex primarily functions as political patronage, and is only secondarily about maintaining empire, is it possible that the actual purchasing power of the Chinese military budget is fairly close to what the USA is getting out of their budget? Especially since China's military has a more limited mission, and so doesn't need the same level of capabilities for power projection that the USA does.
I can answer this!
https://www.twz.com/china-acquiring-new-weapons-five-times-faster-than-u-s-warns-top-official
Words of Cameron G. Holt, major general, in charge of all aspects of contracting.
I would imagine that the actual purchasing power of Chinese military far surpasses the US. Even Russia is able to outproduce the US militarily, and China is in a whole different league in terms of industrial power.