NOTES/OBSERVATIONS:
China (No.3) continues its climb to the No.2 spot owned for some time by regional powerhouse Russia (No.2). The nation owns a distinct advantage economically and by way of sheer manpower and has placed a decided focus on increasing (primarily through local means) naval, airpower, and land warfare capabilities. If the trend continues, it will become the primary global military adversary to the United States (No.1) - which still commands the top spot for the current year.