Japanese coast guard boats escort the Nimitz-class aircraft carrier USS Ronald Reagan (CVN 76) as the ship prepares to enter Sasebo harbor in Sasebo, Japan for a port call. The Ronald Reagan Carrier Strike Group is on a routine deployment in the U.S. 7th Fleet area of responsibility. Operating in the Western Pacific and Indian Ocean, the U.S. 7th Fleet is the largest of the forward-deployed U.S. fleets covering 52 million square miles, with approximately 50 ships, 120 aircraft and 20,000 Sailors and Marines assigned at any given time. (U.S. Navy photo by Senior Chief Mass Communication Specialist Spike Call/Released)
China And Russia Help Global Defence Spending Rise For First Time In Five Years -- The Telegraph
New forecasts show China's defence spending will outstrip Britain, Germany and France combined by 2015
Soaring defence budgets in China and Russia mean global military spending is growing for the first time in five years, according to new forecasts.
Spending across Asia and the Middle East is surging even as the military powers of Europe and the US are forced to scale back dramatically in the face of austerity cuts - contributing to a steady change in the balance of military power.
The figures were disclosed as the secretary general of Nato warned the alliance faced a future of declining power because of its falling spending.
Anders Fogh Rasmussen told the BBC that if spending continued to fall in Nato countries, while others such as China and Russia boosted budgets, then "we will have less influence".
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More News On Global Defence Spending Rising With China And Russia Leading The Way
Global Defense Spending to Grow After Years of Decline -- Bloomberg
China and Russia are rapidly “modernizing their militaries”, said Chuck Hagel -- Ground Report
Russia Prioritizes Military Buildup as NATO Cuts Back -- Moscow Times
Defence spending to rise among Mena governments -- The National
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