In what outlines a growing militarisation in Asia and also China’s rapidly expanding prowess, Beijing is spending more dollars on defence than what India, Japan, Australia and South Korea do collectively.
The expenditure on defence means the annual outlay on modernsation, new equipment, warships, planes and missiles besides running expenses like fuel, repairs and salaries.
Data released on Monday by Swedish think-tank Stockholm International Peace Research Institute (SIPRI), titled ‘Trends in World Military Expenditure, 2018’ says, “China, the world’s second-largest (behind the US) military spender, allocated US $ 250 billion to the military in 2018, which accounted for 14 per cent of all global spending.”
China’s expenditure is much greater than the collective expenditure, $ 182.9 billion, of India ($ 66.5 billion), Japan ($46.6 billion), South Korea ($ 43.1 billion) and Australia ($ 26.7 billion). Read More