The Big Ideas

Center for Strategic and International Studies (CSIS)

Center for Strategic and International Studies (CSIS)

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'Understanding China’s 2021 Defense Budget'
'Understanding China’s 2021 Defense Budget'
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National People's Congress

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National People’s Congress

March 13, 2021
BIG IDEA | 'Like previous years, the first day of the new National People’s Congress session was highlighted by the widely anticipated announcement of China’s 2021 defense budget. This year it is set at 1.36 trillion yuan ($209.16 billion), a 6.8 percent increase from the 1.27 trillion yuan budget set last year.’
‘The Stockholm International Peace Research Institute (SIPRI) estimated that Chinese defense-related expenditure actually reached $240 billion in 2019—nearly 40 percent higher than the official budget ($183.5 billion).’
‘Although estimates vary, China’s military spending is the second highest in the world after the United States. According to the SIPRI, China’s military spending far exceeds that of its neighbors and was greater than the combined expenditure of India, Russia, Japan, South Korea, and Taiwan in 2019.’
‘For the past decade, the annual increase in China’s official military spending has outpaced its annual GDP growth, reflecting the priority that Beijing attaches to bolstering its armed forces.’

CHINADebate

CHINADebate

The Big Ideas

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'Are you tired of losing yet, America?'

As I write this, Taliban forces have entered Kabul and are reportedly occupying the Presidential Palace.
Malcolm Riddell
Founder of CHINADebate
8/15/2021

Bloomberg

CHINADebate

The Big Ideas

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'China Signals More Regulation for Businesses in Coming Years'

‘The State Council’s statement provides a guiding context to interpret current regulatory thrusts. The blueprint as an attempt by Chinese authorities to help investors understand the motives behind the regulatory push.’
8/15/2021

The Wall Street Journal

CHINADebate

The Big Ideas

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George Soros

'Xi’s Dictatorship Threatens the Chinese State'

‘Mr. Xi is determined to bring the creators of wealth under the control of the one-party state.’
George Soros
8/15/2021

Credit Suisse

CHINADebate

The Big Ideas

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8/15/2021

CHINADebate

CHINADebate

The Big Ideas

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Don't Say Xi Jinping Didn't Warn You

‘Global investors are shocked to have discovered that China is run by Communists.’
Malcolm Riddell
Founder of CHINADebate
8/5/2021

Bloomberg

CHINADebate

The Big Ideas

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Matthew Brooker | Bloomberg

‘Global investors shocked to have discovered that China is run by Communists.’

‘Global investors are shocked to have discovered that China is run by Communists.’
Matthew Brooker | Bloomberg
8/5/2021

Bloomberg

CHINADebate

The Big Ideas

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'Shocked Investors Scour Xi’s Old Speeches to Find Next Target'

‘While China’s policy moves can feel ad hoc particularly to foreign investors, the changes are quite targeted on certain sectors.’
8/5/2021

The Wall Street Journal

CHINADebate

The Big Ideas

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Greg Ip | The Wall Street Journal

'China Wants Manufacturing—Not the Internet—to Lead the Economy'

‘Social media, e-commerce and other consumer internet companies are nice to have. But in his view national greatness doesn’t depend on having the world’s finest group chats or ride-sharing.’
Greg Ip | The Wall Street Journal
8/5/2021