Modernizing China's military : opportunities and constraints / Keith Crane ... [and others].

"MG260-1-AF."

Introduction -- The Chinese economy -- Government revenues and expenditures -- China's military expenditures -- China's defense industry -- PLA threat perceptions and force planning -- Future expenditures on the military -- Conclusions and indicators.

Projects future growth in Chinese government expenditures as a whole and on defense in particular, evaluates the current and likely future capabilities of China's defense industries, and compares likely future expenditures by the United States and the U.S. Air Force. The authors forecast that Chinese military spending is likely to rise from an estimated $69 billion in 2003 to $185 billion by 2025--approximately 61 percent of what the Department of Defense spent in 2003.

"The research reported here was sponsored by the United States Air Force under Contract F49642-01-C-0003."