The people who calculate this sort of thing put it at 1.7%. Whatever the actual number is, 1.4% is close enough that it's a passable story, which means the actual number is nowhere near what it needs to be.
Does the CCP announce its real spending or just a number to be transparent? Is the number flexible? In the middle of June, if a large sum could bring great benefit, can the "budget" accomodate?
I don't expect or want the CPC to trumpet its intentions about raising military spending and make announcements all over the place, but I do want the number to go up. I don't care if it goes up officially, or in supplementary budgets or whatever other mechanism, I just care that it goes up.
Your argument could have been made in 1996 and China would have a huge number of obsolete war machines to maintain.
That's incorrect. In 1996 the PLA was limited by technology, today it is limited by funding. Type 055, J-20, DF-41, Type 09-V, H-20, etc. China already has or will in a matter of a few years have the most cutting edge weapons on Earth. They won't be obsolete for decades to come.
Do you know how capable they are?
112 of the largest VLS cells on any ship, dual band AESA radars, cutting edge electronic warfare systems, CeC, first rate command facilities, stupid strong power plant, etc. I know for damn sure they're the most capable destroyers sailing the world's oceans.
Do you know what's in the making or how soon the next iteration will be ready? The CCP knows.
No, but you could argue for a zero build rate with that since something better will always be available in the future.
the US and Soviets could destroy each other several times over at any time but they provoked each other all the time. Did they not have enough nukes for deterrence?
The US and USSR provoked each other on ultimately peripheral issues. The US wasn't challenging the USSR's sovereignty over one of its core territories.
There's a difference between emotional and psychological. Yes, I'm well aware that China can deter the US with a smaller arsenal (although one still much larger than what it has now), but the psychological benefits of parity shouldn't be discounted. China is looked down on for exactly this reason - you have to be a specialist to understand the nuances of nuclear deterrence, but any moron off the street can understand that if China has the same number of nuclear weapons as the US, any exchange will result in the US being annihilated.
The idea that a war with Russia is unthinkable is precisely because this idea of nuclear parity (distinct from MAD) has been drilled into Americans' skulls for generations.
Of course everyone including the CCP has much to learn, but I'm not arrogant enough to think that I can teach them.
I don't presume to teach them, I hope this situation teaches them.