In 2017, the U.S. recognized a state of Great Power Competition with China. In 2020, OSD publicly stated that “China has already achieved parity with – or even exceeded – the United States in several military modernization areas.
In June, Senator Sullivan (R-AL) discussed an unclassified intelligence estimate on the House Floor suggesting the Chinese defense budget is roughly $700 billion, over three times China’s official 2023 military