Cash vs. Crude: China Spends $267 B on Defense; Russia Banks on an 80 B‑Barrel Oil Reserve to Stay in the Game

Photo of Chris Lange
By Chris Lange Published

Key Points

  • China and Russia are among the top three military powers in the world today, each with a unique arsenal

  • Russia holds the largest stockpile of nuclear weapons in the world as well as the largest tank and artillery force

  • China is home to the world’s largest standing army and the fastest-growing naval force on the planet

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Cash vs. Crude: China Spends $267 B on Defense; Russia Banks on an 80 B‑Barrel Oil Reserve to Stay in the Game

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Behind the United States, Russia and China stand as the top two military powers in the world. Each country boasts a unique arsenal that makes for a formidable military force. On one hand, Russia is home to the largest stockpile of nuclear weapons as well as the largest tank and artillery force. On the other, China commands the world’s largest standing army along with the fastest growing naval force. Each of these superpowers is on the cutting-edge of aviation with fifth-generation aircraft that can rival U.S. air superiority. Here, 24/7 Wall St. is exploring how these two military powers match up across multiple fronts.

To compare Russia and China, 24/7 Wall St. reviewed the 2025 Military Strength Ranking from Global Firepower, an annually updated defense-related statistics website with information on 145 countries. Global Firepower ranked 145 countries based on their PowerIndex, a composite of over 60 measures in categories such as military might, financials, logistical capability, and geography. The smaller the PowerIndex value the more powerful a nation’s theoretical conventional fighting capability is. We included multiple factors in the comparison across different fields ranging from economics, land power, air power, and naval power, as well as a few others to give a full picture to how these countries measure up.

Here, 24/7 Wall St. is taking a closer look at how these countries match up across multiple sectors ranging from military prowess to economic strength.

Here is a look at how Russia and China compare on these fronts:

Why Are We Covering This?

Earth photo at night, City Lights of Europe, Middle East, Turkey, Italy, Black Sea, Mediterrenian Sea from space, World map on dark globe on satellite photo. Elements of this image furnished by NASA.
GizemG / Shutterstock.com

In this rapidly evolving world, the comparison of military power between countries serves as a measure of global stability. This analysis is important not just for understanding each nation’s defense capabilities, but also should an offensive conflict arise. While superpowers like the United States, China, and Russia dominate headlines with their military resources, other nations also play important roles in regional security dynamics and geopolitical relations. This analysis seeks to understand these countries from a base level of assets, resources, manpower, and economics.

Russia Financials

Coins of Russia. First Soviet cosmonaut Yuri Gagarin depicted in the Russian commemorative 10 ruble coin.
Vladimir Wrangel / Shutterstock.com

  • Purchasing power parity: $5,816,000,000,000
  • Foreign exchange reserves and gold: $597,217,000,000
  • Defense budget: $126,000,000,000 – #3 out of 145
  • External debt: 317,650,500,000

China Financials

Photo by Chris McGrath / Getty Images

  • Purchasing power parity: $31,227,000,000,000
  • Foreign exchange reserves and gold: $3,450,000,000,000
  • Defense budget: $266,850,000,000 – #2 out of 145
  • External debt: 1,218,458,500,000

Russia Population

kul20 / iStock

  • Total population: 140,820,810
  • Population reaching military age: 1,267,387
  • Population fit-for-service: 46,189,226

China Population

Spondylolithesis / iStock Unreleased via Getty Images
  • Total population: 1,415,043,270
  • Population reaching military age: 19,810,606
  • Population fit-for-service: 626,864,169

Russia Manpower

Russia military | Close up hands russian soldier man dressed military camouflage uniform holds weapon in woodland at soldiers background. Male border guard in country border holding machine gun on war. Copy text space
Aleksandr Golubev / iStock via Getty Images

  • Active personnel: 1,320,000
  • Air Force personnel: 165,000
  • Army personnel: 550,000
  • Navy personnel: 160,000
  • Reserve personnel: 2,000,000
  • Paramilitary forces: 250,000
  • Total military personnel: 3,570,000

China Manpower

China+military | China News 4 Ways How Chinas Military Stacks Up Against the US
Times Asi / CC BY 2.0 / Flickr

  • Active personnel: 2,035,000
  • Air Force personnel: 400,000
  • Army personnel: 2,545,000
  • Navy personnel: 380,000
  • Reserve personnel: 510,000
  • Paramilitary forces: 625,000
  • Total military personnel: 3,170,000

Russia Air Power

Robert Sullivan / Public Domain / Flickr
  • Total aircraft: 4,292
  • Fighter aircraft: 833
  • Attack aircraft: 689
  • Transport aircraft: 456
  • Special-mission aircraft: 141
  • Tanker aircraft: 19
  • Trainer aircraft: 611
  • Helicopters: 1,651
  • Attack helicopters: 557

China Air Power

Anton Petrus / Moment via Getty Images
  • Total aircraft: 3,309
  • Fighter aircraft: 1,212
  • Attack aircraft: 371
  • Transport aircraft: 289
  • Special-mission aircraft: 112
  • Tanker aircraft: 10
  • Trainer aircraft: 402
  • Helicopters: 913
  • Attack helicopters: 281

Russia Land Forces

Military artillery on the streets of night Moscow, Russia
Vyacheslav Argenberg / Moment via Getty Images

  • Total military vehicles: 131,527
  • Tanks: 5,750
  • Multiple Launch Rocket Systems (MLRS): 3,005
  • Self-propelled artillery: 5,168
  • Towed artillery: 8,505
  • Total artillery: 13,673

China Land Forces

Anton Petrus / Moment via Getty Images
  • Total military vehicles: 144,017
  • Tanks: 6,800
  • Multiple Launch Rocket Systems (MLRS): 2,750
  • Self-propelled artillery: 3,490
  • Towed artillery: 1,000
  • Total artillery: 4,490

Russia Naval Forces

russian frigate | missile frigate of Russian fleet
NickolayV / iStock via Getty Images

  • Total naval assets: 419
  • Total naval tonnage: 1,260,447
  • Aircraft carriers: 1
  • Helicopter carriers: 0
  • Destroyers: 10
  • Frigates: 12
  • Corvettes: 83
  • Submarines: 63
  • Off-shore patrol vessels: 123
  • Mine warfare vessels: 47

China Naval Forces

  • Total naval assets: 754
  • Total naval tonnage: 2,857,143
  • Aircraft carriers: 3
  • Helicopter carriers: 4
  • Destroyers: 50
  • Frigates: 47
  • Corvettes: 72
  • Submarines: 61
  • Off-shore patrol vessels: 150
  • Mine warfare vessels: 36

Russia Natural Resources

DC Studio / Shutterstock.com
  • Oil production: 10,727,000 BBL / day
  • Oil proven reserves: 80,000,000,000 BBL / day
  • Natural gas production: 617,830,000,000 cubic meters
  • Natural gas proven reserves: 47,805,000,000,000 cubic meters
  • Coal production: 508,190,000 metric tons
  • Coal proven reserves: 162,166,000,000 metric tons

China Natural Resources

LeeYiuTung / Getty Images

  • Oil production: 4,984,000 BBL / day
  • Oil proven reserves: 26,023,000,000 BBL / day
  • Natural gas production: 225,341,000,000 cubic meters
  • Natural gas proven reserves: 6,654,000,000,000 cubic meters
  • Coal production: 4,827,000,000 metric tons
  • Coal proven reserves: 143,197,000,000 metric tons

Russia Logistics

ZimaNady_klgd / iStock

  • Labor force: 72,408,000
  • Merchant Marine fleet: 2,910
  • Ports: 67
  • Airports: 904
  • Roadway coverage: 1,283,387 km
  • Railway coverage: 85,494 km
  • Waterway coverage: 102,000 km

China Logistics

Photo by Sean Gallup / Getty Images

  • Labor force: 779,246,000
  • Merchant Marine fleet: 8,314
  • Ports: 66
  • Airports: 531
  • Roadway coverage: 5,200,000 km
  • Railway coverage: 150,000 km
  • Waterway coverage: 27,700 km

Russia Military Strength

Armata T-14 main russian battle tank
stocktributor / iStock via Getty Images

  • Strength score: 0.0788
  • Global strength rank: #2 out of 145

China Military Strength

China nuclear | Missiles in front of sunny chinese flag
BeeBright / iStock via Getty Images

  • Strength score: 0.0788
  • Global strength rank: #3 out of 145
Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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