China’s Military Budget: Why It Is Growing and Will Continue to Grow Fast

... 1990s. In 2015 the military budget of the PRC will grow by 10.1% , a relatively modest growth by the standards of the past ten years. The physical peak of the manufacture of heavy weaponry, such as tanks, artillery systems, armoured vehicles and war planes in China fell on the early 1970s when the relations with the USSR deteriorated. On many counts the production of weapons and ammunition during that period has never been exceeded. In the 1980s the state defence procurement order shrank dramatically ...