Aggressive China Triggers Asia Arms Race

Global defence contractors are circling for business in Asia, with countries from Australia to Vietnam upgrading and adding everything from submarines to fighter jets as China expands its military reach. According to consultancy IHS Jane’s report, the combined defence budgets in the Asia-Pacific region will grow from $435 billion last year to $533 billion in 2020, furthering a shift in global military spending away from Western Europe and North America toward emerging markets, especially in Asia

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