However, according to the 2020 report published in September, China announced a 6.2-percent inflation-adjusted annual military budget increase in early 2019 to US$174 billion, approximately 1.3 percent of its GDP.
haʊˈɛvɚ, ɐkˈoːɹdɪŋ tə ðə tˈuː θˈaʊzənd twˈɛnti ɹᵻpˈoːɹt pˈʌblɪʃt ɪn sɛptˈɛmbɚ, tʃˈaɪnə ɐnˈaʊnst ɐ sˈɪks.tˈuːpɚsˈɛnt ɪnflˈeɪʃənɐdʒˈʌstᵻd ˈænjuːəl mˈɪlətˌɛɹi bˈʌdʒɪt ˈɪŋkɹiːs ɪn ˈɜːli tˈuː θˈaʊzənd nˈaɪntiːn tə jˌuːˈɛs dˈɑːlɚ wˈʌnhˈʌndɹɪd sˈɛvənti fˈoːɹ bˈɪliən, ɐpɹˈɑːksɪmətli wˈʌn.θɹˈiː pɚsˈɛnt ʌv ɪts dʒˌiːdˌiːpˈiː.