In fact, it takes the combined military budgets of the top 7 nations underneath the United States to equal what the U.S. military costs annually. 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. Pay rates for officers Pay rates for general service officiers, pilots, medical, dental and legal officers. [17], In 2019, Peter Robertson, a professor from the University of Western Australia, argued that using conventional currency conversion as opposed to more accurate "purchasing power parity" (PPP) exchange rates dramatically understated China's military capabilities and that China's real military spending was equivalent to US spending of $455 billion, calculated from a PPP perspective. In comparison, in 2009, an equivalent Chinese soldier was paid about a ninth as much. [16], In 2017, the magazine Popular Mechanics estimated that China's annual military spending is greater than $200 billion, around 2% of the GDP. Just the second-ranked nation in military spending, China, still spends half what the United States does. This page provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. For example, in 2018, after two years of service, a private from Beijing will receive 180,000 Yuan (=26865 USD), while a private from Henan only receives 20,000 (=2985 USD). China has started tracking down some of its citizens living abroad to collect taxes, surprising expatriates who never had to pay levies back home … An E-5 sergeant earns $2,332.80 at the start and can reach up to $3,310.50 at the 12-year mark. In terms of salary level, China’s level is comparatively low. The highest paid Soldiers work for United States Army Reserve at $35,000 annually and the lowest paid Soldiers work for Army National Guard at $30,000 annually. All five permanent members (P5) of the UNSC may exerciseveto power, arguably the most significant political tool within the UN. [1], In 2016, the Chinese government's official defense spending figure was $146 billion, an increase of 11% from the budget of $131 billion in 2014. Wikinews has multiple stories related to this topic: 2014: the budget was announced to be US$191.6BN. [11] The Chinese government's published budget at that time was less than US$25 billion. AIRSHOW-Fighters, radar, marine patrols top Asia's military wish-list, Raju Gopalakrishnan, Thu Feb 16, 2012 1:38am EST, Reuters. Lexus Stolen In The Blink Of An Eye. After the rises, a … 1 Republic of China Armed Forces Soldier Salaries, Republic of China Armed Forces Soldier without location (1 salary), Browse Republic of China Armed Forces Salaries by Job Title →, Associate Product Manager - Loan Origination Systems, Technical Solution Sales Engineer - Electric Utility Spatial Analytics. If the new jet is indeed a revamped FC-31, it could indicate China is confident it can reliably manufacture its own high-performance jet engines. The defense spending of China was estimated, in the mid-range estimate, to be 38 billion dollars or 2.3% of China's GDP in 2003. report. However, United States defense spending is slightly declining. [18], Office of the Secretary of Defense - Annual Report to Congress: Military Power of the People's Republic of China 2010 (PDF), "East-West military gap rapidly shrinking: report", By Peter Apps, Reuters, Tue Mar 8, 2011. China currently spends more on defense than Japan, South Korea, the Philippines, and Vietnam combined, and China’s military spending is … Reply. How much does peacekeeping cost? This is still smaller than the estimated United States defense budget of $525.40 billion for 2013. 1 How much Chinese soldiers are paid . China has increased its military spending by 170% in real terms since 2002, the leading research body says • Russia spent nearly $72bn on arms … In terms of purchasing power parity, or the relative purchasing strength of the expenditure, the SIPRI estimate was as high as US$140 billion. 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