Amid regional tensions, China is quickly becoming a major arms dealer, supplementing its existing position as a top defense spender.
While the number of countries China exports to has increased drastically, SIPRI said in its 2018 Trends in International Arms Transfer report that major arms importers such as India, Australia, South Korea and Vietnam "will not procure Chinese arms for political reasons."
According to SIPRI data, Chinese arms exports rose, while Russian exports decreased in the last five years. The Pentagon's view on the difference between external estimates and official figures is that "China's published military budget omits several major categories of expenditures, including R&D and foreign weapons procurement."said that the budget for military spending is expected to increase by 7.5%, to 1.19 trillion yuan, about $177.6 billion. This make 2019 the fourth consecutive year of single-digit budget growth, according to the announcement written in Chinese.
On the other hand, NBR's Kamphausen said he believes the People's Liberation Army will be affected by overall economic slowdown if Beijing is "to hold defense spending constant as a percentage of total government expenditures."
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