China’s military ready to outstrip US for the first time in history, report says

Written by by Jose Pagliery, CNN Written by Lindsey Bahr, CNN

Chinese military spending is poised to outpace the US for the first time in history by 2022, according to a report published last week by the US-China Economic and Security Review Commission.

The provocative data project is just one element of a wider report that provides a glimpse into Chinese military ambition — largely crafted from government briefings to the 15-member group.

The anticipated jump in spending comes as China beefs up its arsenal, bringing in fighter jets, submarines and surface warships at the fastest rate in 20 years.

The industry “has long suffered from formidable deficiencies in modern combat capability,” according to the report.

It highlights the need for more high-tech fighter jets and robotic systems, but warns that China may be “failing to invest in new breakthrough technologies due to two factors: fear of potential American technological advantages, and bureaucratic corruption.”

The UK-based research group was founded by Republican Senators and House members in 2010 to combat China’s economic and military clout and transparency.

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