Chinese Defense Growth Should Slow With GDP

 J-20 jet
The Chinese air force has taken delivery of an estimated 48 J-20s in the J-20 and J-20A versions.
Credit: Yan Siming/International Aviation
For the past two decades, the outlook for Chinese defense spending has been more or less the same as the outlook for GDP. That has been because, by at least by one widely accepted estimate, the armed forces have been given a steady fraction of the economy throughout that period. If the relationship...

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