The military budget of the People's Republic of China (PRC) is the portion of the overall budget of China that is allocated for the funding of the military of the People's Republic of China. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. Every March, as part of its annual state budget, China releases a single overall figure for national military expenditures.
The Chinese government's published 2012 military budget is about US$106.4 billion, the second largest in the world and up about 11.2% from 2011.
Read more about Military Budget Of The People's Republic Of China: Unofficial Estimates, Comparison With Other Countries
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