China is well known for having significant defense spending outside the officially announced defense budget. This is an obvious reality because of the pace at which they are launching defense satellites, maintaining the world’s largest military, building the world’s largest navy, including aircraft carriers, adding nearly 60 stealth J-20 to PLA Air Force (PLAAF) inventory … Continue reading China’s Defense Budget Skyrockets To $700 Billion! A Flawed Assessment Or A Wake-Up Call For The U.S & World?