China To Spend More On Its Military Than All Its Neighbours Combined As Budget Doubles -- The Telegraph
China's military budget will outstrip the combined defence spending of the rest of the Asia Pacific region over the next five years, causing increased anxiety among its rivals and neigbours, a new report has claimed.
Global research group IHS has forecasted Beijing's military outlay will double from its 2011 US$119.8 billion spend to US$ 238.2 billion by 2015.
That exceeds the US$ 232.5 billion spent by the region's 12 key defense markets, including Japan and India.
Sarah McDowall, head of IHS Global Insight's Asia Pacific desk, said the projected 18.75 per cent annual growth rate will "intensify concern among various governments" in the region.
Read more ....
My Comment: My prediction .... we are witnessing the first steps of an Asian arms race.
No comments:
Post a Comment