China’s Military Spending is on the Rise – A Look at How it Compares to the US and Russia

The Global Arms Race is Taking New Heights as China’s Military Spending Jumps to Record Levels. In 2020, China’s military budget was reported to be around $261 billion, an increase of 6.6 percent from 2019 and easily the highest amount in the nation’s history. That puts China third in terms of global military power, behind the United States ($738 billion) and Russia ($65.1 billion).

What the Increase in China’s Military Spending Means for Us