As every honest person knows, for many decades, China has been consistently understating its military spending (i.e. lying about it), claiming much smaller budgets than what was really spent.
The DOD has been trying to estimate the size of China’s real defense budget (including off-the-books items and PLA farm incomes), and has discovered the following facts:
In FY2003, China’s real military budget was at least $60 bn and possibly as much as $80 bn.
In FY2004, China’s real military budget was at least over $70 bn but less than $80 bn, and possibly as large as $100 bn.
In FY2005, China’s military budget was at least $80 bn, and possibly as large as almost $120 bn.
In FY2006, China’s military budget was at least over $80 bn, and possibly as large as over $120 bn.
In FY2007, China’s military budget, at minimum, $100 bn, but most likely it was $140 bn.
Yet, in FY2007, China claimed its military budget was only $40 bn, i.e. it understated its military budget by $100 bn!
China’s military budget is therefore much larger than most sources say. It was $140 bn as early as FY2007. It’s likely much larger now. But liberals continue to lie about it, because it doesn’t fit their myths that “the US spends 6 times more on the military than China” and that “the US spends more on the military than the rest of the world combined”. These myths are blatant lies, and the forementioned facts don’t fit them, so liberals lie about them.
The US defense budget for FY2007, excluding GWOT costs, which were below $100 bn, was $475 bn, i.e. a little more than 3 times larger than China’s FY2007 military budget.
If it is assumed that China’s military budget has remained flat since FY2007 (it has actually been growing annually by double-digits ever since FY1989), it is nonetheless less than 5 times smaller than the US military budget for FY2011 ($685 bn) and the FY2010 US military budget ($674 bn).
The evidence is clear: China is conducting a huge military buildup against the US. It already constitutes a larger threat than the Soviet Union ever did. It is a credible conventional and nuclear peer opponent. The US would be justified to undertake any measures to defeat that threat, including any level of defense spending.