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Mutual Assured Spending: India Ready To Join US and China Military Buildup The Pentagon has just warned that China's 17.6% increase in its 2008 military budget "threatens the stability of Asia."China's official military budget is $58.8 billion, but the real figure is estimated at around $110 billion. Even so, Washington's warning was pretty rich coming from the sole superpower that spends 10 times more on its military than China -- a nation with four times the U.S. population.

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Mutual Assured Spending: India Ready To Join US and China Military Buildup

The Pentagon has just warned that China's 17.6% increase in its 2008 military budget "threatens the stability of Asia."China's official military budget is $58.8 billion, but the real figure is estimated at around $110 billion. Even so, Washington's warning was pretty rich coming from the sole superpower that spends 10 times more on its military than China -- a nation with four times the U.S. population.