China will budget about $145 billion for its military in 2015, a spokeswoman for the National People's Congress said on Wednesday. That's about a 10 percent increase, and it follows years of double-digit military spending hikes — and double-digit economic growth. And actual spending on the People's Liberation Army, especially its naval branch, will probably exceed the budgeted amount, The New York Times reports. Read the entire Times article, especially if you are interested in China's military, but for a brief look at how China's military spending stacks up to its rival world powers, BBC News has this short video. You'll get some big numbers, but the BBC also threw in as background some country-specific video of what each nations spends its military budget on. Watch below. —Peter Weber
The Week
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