Very good point from @hennysender here: https://www.ft.com/content/8c8fb6aa-7c0e-11e7-9108-edda0bcbc928 …pic.twitter.com/FN0lK8bf8S
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Fair but it's 'all-in' in PRC.
There's still far more money flowing into US tech fr DOD than there is in China.
Not sure we know that for certain. Black-box.
Think we know for certain solely through the disparities in size of budget. DOD's $700B is going somewhere.
PRC's 'official' defense budget $314B in PPP terms recently. Wouldn't underestimate.
For an active military of...
Perhaps with less bloat and waste...
There'd be measure: of the relative bloat in companies in both countries knowing the DOD gravy train would pay the bills.
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