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You forgot to include state and local government expenditures, which perhaps almost double the number. And maybe he was thinking of a China GDP number from a y
by scottjad 13y ago
You forgot to include state and local government expenditures, which perhaps almost double the number.
And maybe he was thinking of a China GDP number from a year or two ago. When I google "China GDP" it gives me $7.3 billion from 2011.
And "nearly" is subjective.
And most military spending is welfare, either to defense contractors or otherwise.