BBC News - China military budget tops $100bn Hey, isn't that the aircraft carrier the Russians sold as a floating casino? I'm curious to see what the true Chinese spending on defence is, corrected for Purchasing Power Parity. Having sourced some of my materials from China I know that often what they have for sale is usually around 1/10th the price of European/American suppliers, you get your quotes in 15 minutes and their customer services almost harass you for business once they have your contact details. I often have to chase European/American suppliers to provide me with quotes; a lot don't bother replying and those that do give you a quote in a week. By then the Chinese suppliers have stole their thunder with a cheaper, quicker quote.