Gordon Chang

China's GDP growth in 2023 will be below the 7.2% increase in its military budget.

“This year, the military is slated to get 7.2% more, and economic growth will again fall short.”

Said on

10 April 2023 · Gatestone Institute column "No Money, No Nukes: Time to Bankrupt China's Regime".

Source

No Money, No Nukes: Time to Bankrupt China's Regime · Gatestone Institute

Should come true

2023

How sure they sounded

will

Categories

Economy

Importance

2 of 5 · A single-year growth comparison that matters mainly to China watchers.

Outcome

Accurate Happened 17 January 2024.

China's official 2023 defense budget rose 7.2%, while official GDP growth for 2023 was 5.2%, so growth fell short of the military increase as he said.

Evidence:

• https://www.thedefensepost.com/2023/03/05/china-increases-defense-budget/
• https://ukranews.com/en/news/978576-china-s-gdp-expands-5-2-pct-in-2023-surpassing-annual-target