Asia Spending Massively On Navy

Chinese Navy Destroyers (Photo from Defense Talk)

Terry's Intel Data:

Singapore: Asian states led by China, Japan and South Korea are expected to spend some 60 billion dollars to beef up their navies in the next five years, an industry analyst said Monday.

That is bigger than what NATO countries — excluding the United States — are forecast to spend for new naval construction in the same period, said Bob Nugent, vice president of US-based naval consultancy AMI International.

The world’s biggest spender will remain the United States at a little above 60 billion dollars between now and 2014, Nugent said here on the eve of IMDEX Asia 2009, Asia’s top maritime defence show.

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Hat Tip: New Wars

My Comment: Looking long term (+20 years), China and India will rapidly have the 2 largest navies in the Asian theater. If they start building aircraft carrier fleets, their budgets will then rapidly match the Americans.