Dave McCormick: “Most analysts would say that China spends something like 3…”

“And a lot more of the pie needs to be focused on forward looking technologies, not backwards. And here's the reason you put your finger on it, Most analysts would say that China spends something like 3 or $400 billion in defense. So 30 to 40% of what we spend, but they're spending 80% of what they spend. Looking over the horizon on the next generation things because they started with a very old military.” (07:59–08:05)

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