Whether China is busy championing trade deals outside of the US dollar, buying up some of the world’s biggest companies, taking over foreign housing markets, or building massive networks of nuclear or wind power grids, it is clear that the country is a world power to be reckoned with.
To be considered a true force, China also needs to be able to back up its economic and political might with a top notch military. Today’s infographic compares the armed forces of China with the United States.
In terms of military spending per capita, China is the new kid on the block. Although it has increased in recent years, China is still behind Russia, Turkey, South Korea, Japan, Germany, the United Kingdom, France, and the United States. However, the country does make up for it with in absolute terms by its sheer population. In terms of total military expenditures, China spends the second most worldwide with a total of approximately $216 billion per year, which is about one-third of the US.
Since the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More
In GDP terms, China spends about 2.1% of its annual GDP on military, and the United States spends 3.8%.
Perhaps the biggest difference between the two superpowers is influence in other parts of the world. The United States has 133 military bases outside of its territory, and China has zero. More specifically, the United States has bases in multiple jurisdictions that surround China: South Korea, Kyrgyzstan, Japan, Singapore, Guam, Afghanistan, and Diego Garcia, a set of small islands in Indian Ocean.
US Armed Forces vs. China Armed Forces
Original graphic by: SCMP.
ValueWalk’s Coverage of US vs. China: Military Might
As diplomatic tensions grow between the United States and China, so pessimistic observers have floated the idea of a military conflict. In this context, it is interesting and informative to compare the military capabilities of these two superpowers. The United States has been the largest economy in the world for many years, but it is now suggested by some sources that the China has exceeded, at least in pure GDP terms. This puts the two nations in a uniquely unchallenged position, and in many ways ensures that there is a natural enmity between them.. Read More.