Who’s Scared of China’s Military Budget?

John Glaser, March 10, 2014

When news hit last week that China’s defense spending will increase by 12.2 percent this year to $132 billion, pundits and politicians told us to be scared. I’m not:

Via Ian Bremmer in Politico.

Note that this is using a conservative estimate of U.S. military and national security spending. There is much in the black budget that would add to the gap.