As tensions continue to mount in the U.S.-China relationship, concerns have grown among U.S. political and military leaders regarding China’s defense spending, which is often said to be significantly higher than it actually is. In a new report, M. Taylor Fravel, George Gilboy, and Eric Heginbotham argue that the estimate that China’s military spending has surged to $700 billion depends on flawed assumptions and miscalculations. The claim has gained traction in various circles, including in the U.S. Congress and the media, where some suggest China’s military budget is comparable to that of the United States.
In an interview conducted on October 9, 2024, M. Taylor Fravel, George Gilboy, and Eric Heginbotham, in conversation with Maryanne Kivlehan-Wise, discuss the implications of overestimating China’s defense spending and offer alternative methods to gauge China’s spending more accurately.