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| | Military Spending |
 | | Modernizing China's Military The 2005 study conducted by the RAND Corporation's Project Air Force examines the "opportunities and constraints" of the Chinese government's pursuit of military modernization. |
 | | China's military-industrial complex, the third largest in the world, produced a wide variety of weapons, including light arms and ammunition, armor, artillery, combat aircraft, fast-attack craft, frigates, destroyers, conventional and nuclear submarines, electronic equipment, tactical missiles, and ballistic missiles. |
 | | By official accounts, the composition of China's defense expenditure in 1997 was as follows: 29.162 billion yuan for personnel expenses, accounting for 35.89 percent; 26.536 billion yuan for maintenance of activities, 32.66 percent; and 25.559 billion yuan for equipment, 31.45 percent. |
| www.globalsecurity.org /military/world/china/budget.htm (2673 words) |
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