Originally Posted by Fedaykin
Thanks for the info, though I am unimpressed with what is being reported here.
So, in 1997 they had some military owned businesses that earned around $1-3bn a year. This is supposed to be of concern?
The U.S. "hides" all kinds of military spending (the ~$700bn given to the DoD is not even close to the sum of all defense spending. There's the DoE (maintains all nukes), NASA (does military R&D), The VA, Military Pensions (part of the treasure dept.), Homeland Security, NSA, CIA, etc.
This might be a better article from April this year. http://www.economist.com/node/21552193
. I just pulled the first two googled article for the previous post.
Also remember that China is regional power so you need to keep that in context when compare spending between their military and US military.