BROADCASTS.com

A budget announced recently shows that China’s annual defense budget will maintain single-digit growth for the sixth consecutive year. The defense expenditure plan for 2021 is about US$209 billion, a year-on-year increase of 6.8%. and the US defense expenditure in fiscal 2021 is US$740.5 billion.

The ratio of military expenditure to the GDP of major countries: the US military expenditure accounts for 3.5% of GDP, Russia’s 3.3%, India’s 2.5%, the UK’s 1.83%, and Germany’s 1.4%. Among all major countries, China’s military expenditure is 1.25%. % Ranks second to last, only slightly more than Japan's 0.98%.

Many believe that as Sino-U.S. relations become more tense as the United States’ positioning of China changes, the geo-military pressure that China faces will inevitably be fierce.

On March 1, the U.S. Indo-Pacific Command submitted a report to Congress, clearly proposing a "Pacific Deterrence Plan" against China, seeking to obtain more than 27 billion U.S. dollars from 2022 to 2027 . The military budget is centered on the establishment of a "precision missile strike network along the first island chain" to increase the "conventional deterrence" of China.

At the same time, the Indo-Pacific Theater Command is also advancing plans for the land-based Aegis system in Guam, an important node of military operations against China.

Therefore, it must be admitted that the military pressure China will face in the direction of the Western Pacific in the future will indeed be great.

But this does not mean that military expenditures must be substantially increased!

China Explained will show you that because of China’s continued success in industrial upgrading, technological innovation and realizing its huge potential, it is an unstoppable process. The inevitable rise of China may feel intimidating and some simply reject it. Don’t be. China’s rise is part of the new global trend unlike what we have seen in the past one hundred years. Embrace the change and seize the opportunity.

Creating original content is hard work, your support is what keeps me going. Please donate to this channel: paypal.me/ChinaExplained