China has the world's largest standing army and second-largest defense budget as of 2019.
Business Insider, Tiny Fox Lab

China has the world’s largest standing army and second-largest defense budget as of 2019. – Tiny Fox Lab Facts

China, the world’s second-largest military spender, is estimated to have allocated $261 billion to the military in 2019—equivalent to 14 per cent of the global military expenditure. Its military spending in 2019 was 5.1 per cent higher than in 2018 and 85 per cent higher than in 2010.

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Source: en.wikipedia.org/w…