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China Submits Report on Military Spending to UN

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Times of India: “Jane’s Information Group came up with a report on Wednesday saying China is the fourth biggest military spender while India is in the 10th position in this context. Jane’s Industry Quarterly said China spent $58 billion in 2008 while India’s spending was nearly half of it. The top three spenders are the United States, Britain with and France.”

  • Jane’s Industry Quarterly – China, India and Russia In The Changing Global Defence Market: “study carried out by Jane’s Industry Quarterly shows that China, India and Russia collectively invested USD50.5 billion in defence in 2003, this figure almost doubled to USD99.47 billion by 2007 and Jane’s expects it to increase by a further 62% to reach USD161.44 billion by 2010…Should China’s defence budget continue to grow at the rate recorded over the past seven years, it will stand at USD360 billion by 2020.”
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