Military budget of China

The military budget of the People's Republic of China is the portion of the overall government budget that is allocated for the funding of the People's Liberation Army. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. Every March, as part of its annual state budget, China releases a single overall figure for national military expenditures. As of 2025, the official military budget was announced to be 1.78 trillion yuan (US$246 billion), the second largest in the world behind the US.

According to the Stockholm International Peace Research Institute, SIPRI, China was the fourth largest arms exporter in 2019–23 when it accounted for 5.8 per cent of total global arms exports. Its arms exports decreased by 5.3 per cent compared to 2014–18. The bulk of Chinese arms exports (85 per cent) went to states in Asia and Oceania, followed by states in Africa (9.9 per cent). China delivered major arms to 40 states in 2019–23, but well over half of its arms exports (61 per cent) went to just one state—Pakistan.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.