The PLA is the world's largest military force, with a strength of approximately 2,285,000 personnel, 0.18% of the country's population. It is the fastest modernising military power in the world, with significant defense and rising global power projection capabilities. Recently, it has been rapidly developing and commissioning new arsenals, with numerous technological advancements and breakthroughs. It boasts the second largest defence budget in the world, although many authorities—including SIPRI and the U.S. Department of Defense—argue that China does not report its real level of military spending, which is allegedly much higher than the official budget.
The PLA on 1 August 2017 marked the 90th year anniversary since its establishment, before the big anniversary it mounted its biggest parade yet and the first outside of Beijing, held in the Zhurihe Training Base in the Northern Theater Command (within the Inner Mongolia Autonomous Region), the first time it had ever been done to mark PLA Day as past parades had already been on 1 October, National Day of the PRC.