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*2014: the budget was announced to be US$131BN.<ref name="auto"/>
*2015: the budget was announced to be US$141BN.<ref>{{cite news |url=https://www.reuters.com/article
*2016: the budget was announced to be 954.35 billion yuan which is about US$147BN, raised 6-7 % above last year's estimates.<ref>{{cite news |url=https://www.reuters.com/article/us-china-parliament-defence-idUSKCN0W7005 |title=China says defense spending pace to slow, to improve intelligence |publisher=Reuters |date=2016-03-05 |access-date=2016-03-05}}</ref>
*2017: the budget was announced to be 1.044 trillion yuan ($151.4 billion), representing a 7% increase from the last year.<ref>{{cite news |last1=Martina |first1=Michael |title=China confirms 7 percent increase in 2017 defense budget |url=https://www.reuters.com/article/us-china-parliament-defence-idUSKBN16D0FF |access-date=2021-03-20 |work=Reuters |date=2017-03-06}}</ref>
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In 2010, the US Department of Defense's annual report to Congress on China's military strength estimated the actual 2009 Chinese military spending at US$150 billion.<ref name="DOD">Office of the Secretary of Defense - Annual Report to Congress: Military Power of the People's Republic of China 2010 (PDF){{cite web|url=http://www.defense.gov/pubs/pdfs/2010_CMPR_Final.pdf |title=Archived copy |access-date=2015-04-21 |url-status=dead |archive-url=https://web.archive.org/web/20150320062225/http://www.defense.gov/pubs/pdfs/2010_CMPR_Final.pdf |archive-date=2015-03-20 }}</ref> [[SIPRI|Stockholm International Peace Research Institute (SIPRI)]] estimates that the military spending of the People's Republic of China for 2009 was US$100 billion,<ref>{{cite web|url=http://www.sipri.org/research/armaments/milex/resultoutput/15majorspenders |title=The 15 major spender countries in 2011 (table) |work=sipri.org |access-date=25 March 2015 |url-status=dead |archive-url=https://web.archive.org/web/20100328104327/http://www.sipri.org/research/armaments/milex/resultoutput/15majorspenders |archive-date=28 March 2010 }}</ref> higher than the official budget, but lower than the US DoD estimate.
The [[International Institute for Strategic Studies]] in a 2011 report argued that if spending trends continue China will achieve military equality with the United States in 15–20 years.<ref>"East-West military gap rapidly shrinking: report", By Peter Apps, Reuters, Tue Mar 8, 2011 https://www.reuters.com/article
[[Jane's Information Group|Jane's Defence Forecasts]] in 2012 estimated that China's defense budget would increase from $119.80 billion to $238.20 billion between 2011 and 2015. This would make it larger than the defense budgets of all other major Asian nations combined. This is still smaller than the estimated United States defense budget of $525.40 billion for 2013. However, United States defense spending is slightly declining.<ref>AIRSHOW-Fighters, radar, marine patrols top Asia's military wish-list, Raju Gopalakrishnan, Thu Feb 16, 2012 1:38am EST, Reuters, https://www.reuters.com/article
In 2017, the magazine [[Popular Mechanics]] estimated that China's annual military spending is greater than $200 billion, around 2% of the GDP.<ref>{{cite web|url=http://www.popularmechanics.com/military/weapons/a25261/china-west-military-power/|title=China's Military Power Nears "Parity" With the West, Report Says
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