China is Lying About their Military Spending

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The Chinese Communist Party is spending far more on defense procurement in their military budget than you think. Xi Jingping has hidden a massive portion of his defense spending. Purchase power parity, clever accounting, and other tools have helped him. People like to talk about how the United States spendings more on defense than the next 10 countrys combined but that's not the whole story. Yes the pentagon spends a lot but the Peoples Liberation army spends way more than you think.

Written by: Chris Cappy and Anonymous
Edited by: Syed

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#ANALYSIS #NEWS #UPDATE

[Taskandpurpose]

Hey spare parts army! Check out Scope Technologies Corp (CSE:SCPE | OTCQB: SCPCF) to learn more

[johnyblamounth]

You have forgotten one important piece, no middle men.
State owned factories.

[nicholassigmon]

“All warfare is based on deception”

- some Chinese guy

[sky]

I doubt the Chinese pay $500 for a military hammer or $14, 000 for an aircraft coffee maker !

[zaczane]

Our military has failed several audits.
So we definitely hide our spending to an extent too.

[Mike___Kilo]

"When weak, appear to be strong. When strong, appear to be weak." - Sun Tzu

[jamicub]

I've learned how to hide my savings as my own defense budget.

[eamoncat]

Boeing: this bag of screws is worth USD 10k.
Norinco: I can provide the same thing with USD 10.
Boeing: you shameless liar!

[recker]

As a chinese i am obligated to tell everyone that this guy is lying and we are fighting with m1 garands left over in the korean war, and half our army fights with nail guns

[bobh]

It’s not that China’s military budget is high, but that the profit margins on contracts for American arms manufacturers are too high.😂

[BarfyMan-shzf]

“Liar, liar, pants on fire”

- Sun Tzu

[mikelittle]

The U.S already know. The closer figure to China's defense budget is more like 700b-800b, not 230b. This may be news to many, but not our gov't

[妮蔻-nko]

I need to point out one mistake: China has a compulsory military service system, and the service period is two years. Therefore, the salary in the first two years is very low, indeed only $150 a month (usually it is college students who join the army and enjoy other education preferential policies). However, the core composition of the army is contract soldiers, and their monthly salary is much higher, starting from a minimum of $800 and going up. When you are promoted to sergeant after two years of service, the monthly salary can reach $1, 100. Considering the difference in purchasing power, the treatment of Chinese soldiers is not bad, because I have friends serving in the army.

[HideBuz]

Don't forget their fishing boat fleet in the pacific comprising of 14, 000 giant fisher boats equipped with reinforced military ramps for heavy vehicles.

[PatrickDavidson-Scoop]

8:36 - "if it quacks like a duck, and shoots like a soldier... it's probably a soldier" 🦆 Loved this 🤣

[garyswift]

As an example of Chinese purchasing power parody advantage, look at Chinese made rifle scopes. Their quality is only a little less than US made scopes, but the prices are sometimes 90% less. The difference between Chinese and US scopes in combat is probably insignificant, but if more soldiers have them, then that's a force multiplier. Demolition Ranch got a Vortex Diamondback scope on Temu for around $80, and it was a real Vortex.

[MrLiaojerry]

It's not about the number of budget. It's more about the spending efficiency. If you have 800 oversea bases, and spent $70K on a bag of bolts and nuts, $1K coffee mug and even $1K a toilet seat, your $800B spending but with much fewer output is understandable.

[fountainvalley]

Don’t forget the value of their industrial base. The ability to produce artillery shells and ships is invaluable.

[soonfoongloke]

logical analysis. when US has the highest per capital healthcare expenditure among OEDC countries, yet has an declining life expectancy. US life expectancy is now lower then China.
Base on the same logic, we can say that many of these money did not go into healthcare, but went into the pockets of corporate executives, lobbies and campaign fund which will shape policies benefit the donors.. people are the suckers.

[GroggyWalrus]

The thing to remember about PPP is that it's not just things being objectively cheaper elsewhere. The PPP normalizes for wages, GDP, etc. It's like saying if a Big Mac costs 1% of your monthly wage in both countries what's that in dollars...