Military budget of China

[2] The Chinese government annually announce the budget for the internal security forces and the PLA at the National People's Congress in early March.

Unofficial estimates place the total amount of military spending for China higher than the Chinese government figures, but these calculations tend to differ between organizations.

The International Institute for Strategic Studies in a 2011 report argued that if spending trends continue China will achieve military equality with the United States in 15–20 years.

[19] In 2019, Peter Robertson, a professor from the University of Western Australia, argued that using conventional currency conversion as opposed to more accurate "purchasing power parity" (PPP) exchange rates dramatically understated China's military capabilities and that China's real military spending was equivalent to US spending of $455 billion, calculated from a PPP perspective.

[20] In 2023, the Stockholm International Peace Research Institute estimated the China's military spending is $296 billion which accounted for 1.7% of the country total GDP.