SCMP carries a report by Agence France-Presse from Washington that “Military spending by Asia’s major powers increased dramatically over the past decade with China leading the way, as its defence budget quadrupled since 2000, according to a study.”
“Experts say China’s emergence as a global economic giant has driven the spike in military spending, as Beijing seeks to assert its influence beyond its borders to safeguard its access to sea lanes and resources.
“In the last year, Beijing spent US$25.8 billion on new weapons and related research and development, up from US$7.3 billion in 2000, the report said.
“China’s total defence budget grew from US$22.5 billion to US$89.9 billion between 2000 and last year, said the report, citing official figures from the Beijing government.
“But the study acknowledged that independent estimates put Chinese spending at a much higher level, with the Stockholm International Peace Research Institute estimating Beijing’s last year defence budget at US$142.2 billion.”Read the full SCMP report
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- National › China tops Japan in Asia military spending (japantoday.com)
- Asian Powers Increase Military Spending (blogs.voanews.com)