From 2000 onward, defense spending stabilized at approximately 1.8% of GDP, with occasional peaks, such as 2% in 2001. This period marked significant investments in advanced technologies, maritime capabilities, and regional defense strategies. By 2022, military expenditure settled at 1.6%, reflecting China’s ongoing efforts to modernize its forces while maintaining fiscal discipline.
For a deeper dive into the topic, explore China’s military personnel ratio, China’s population growth, China’s urbanization rate.