- Oct 9, 1999
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U.S. officials estimate the military budget which Beijing announced as $20 billion early last year actually falls between $45 billion and $65 billion, and the report noted a potential for annual spending to increase three or four times by 2020.
China has about 450 short-range ballistic missiles but is expected to increase its inventory by more than 75 missiles each year. The sophistication and accuracy of the missiles have improved, with the Chinese army developing longer-range models of the CSS-6 missile capable of reaching as far as Okinawa, Japan, home to more than 33,000 U.S. troops.
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