Dr Nan Tian and Fei Su
![](https://www.sipri.org/sites/default/files/styles/publications_lareg/public/2021-01/2101_chinese_milex_jan_2021_cover.png?itok=XnZRtF2v)
Given China’s accelerating military modernization and reforms in recent years, the existing estimate of China’s military spending deserves a reassessment. This SIPRI report provides a comprehensive new analysis of the financial resources China dedicates to military purposes. Using publicly available sources in both English and Chinese, the report presents a new estimate of Chinese military expenditure.
The new estimate—1660 billion yuan ($240 billion) in 2019—is around 142 billion yuan ($21 billion) less than the old SIPRI estimate. Although the new approach to estimating Chinese military expenditure improves on the old method, limited public transparency in budgeting on specific categories is still a cause of concern. Future research should focus on publicly available Chinese-language sources as there is still scope to improve the precision of the new estimate.
Contents
1. Introduction
2. The need to measure military expenditure: The case of China
3. The components of SIPRI’s estimate of Chinese military expenditure
4. The new estimate of Chinese military expenditure
5. Conclusions
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