Military spending is measured the same as any other forms of spending. Thus an undervalued currency in China affects China's nominal military spending values the same way it affects China's civilian production spending values. China is currently the largest economy in the world and with a GDP per capita much larger than 10,000. However it is difficult to understand that due to the unrealistic exchange rate. Military spending suffers from the same miscalculation, which is why China can produce 5 submarines in a single year when it would take the united states fives years to produce one.
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