Carl Minzner argues that China's reform era is ending, and outlines the potential outcomes that could result.
China's military spends hundreds of millions of dollars
ON AN AVERAGE DAY in China hundreds of millions of dollars are spent on China’s military. According to the Chinese government, China will spend $45 billion (US$123,287,671 a day) on defense in 2007. The U.S. Defense Intelligence Agency believes that Chinese spending is significantly higher. The DIA believes that Chinese defense spending is between US$85 billion (US$232,876,712 a day) and US$125 billion (US$342,465,753 a day).
If Pentagon estimates are correct, China has the world’s second largest defense budget. Still its spending is dwarfed by that of the U.S. U.S. spending in 2007 will amount to $606 billion (including $170 billion in war spending). This averages $1,660,273,973 a day or more than four times the DIA's "high" estimate of Chinese expenditure.
Peter Spiegel, “Pentagon says China is increasingly influenced by oil,” Los Angeles Times, May 26, 2007.
U.S. Department of Defense, Military Power of the People’s Republic of China, 2007, May 2007.
[Clayton Dube, USC U.S.-China Institute]
Akira Chiba, the Consul General of the Japanese consulate in Los Angeles, examined Japan's relations with China.
Michael Dunne, author of American Wheels: Chinese Roads, will focus on General Motors in China since 1989. The discussion will be followed by a short introduction to the Mark L. Moody collection at the USC East Asian Library.
Please join the USC U.S.-China Institute for a screening of an episode of the Assignment: China series on American media coverage of China. This episode focuses on the work of journalists covering the massive demonstrations that rocked Beijing in spring 1989. Followed by a Q&A with USCI's Mike Chinoy, who covered the demonstrations for CNN.