Their rapid military buildup has delivered thousands of new ships, subs, missiles and space assets that severely challenge our ability to safeguard our national security interest in Indo Pacific. China continues to invest heavily in the PLA's military modernization, announcing another 7% increase in defense spending this year. As a result, they are spending more of their GDP on defense than we are. In fact, as you can see from this graphic, all of our adversaries are spending more of their GDP on defense than we are. (01:26–01:35)
CLAIM
Asserts that China increased its defense spending by 7% this year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.