A new study shows that over the past decade, five Asian powers have
increased military spending to levels among the highest in the world,
with China leading the way.
The study released Monday by the Washington-based Center for Strategic and International Studies says China has quadrupled its defense budget since 2000. It also says India, Japan, South Korea and Taiwan have dramatically increased their military spending.
That trend is in contrast with the United States and European Union, whose defense budgets have been declining in recent years.
Defense spending in the five analyzed Asian powers still trails that of the United States, but the CSIS study says it will surpass Europe's military expenditures this year.
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The study released Monday by the Washington-based Center for Strategic and International Studies says China has quadrupled its defense budget since 2000. It also says India, Japan, South Korea and Taiwan have dramatically increased their military spending.
That trend is in contrast with the United States and European Union, whose defense budgets have been declining in recent years.
Defense spending in the five analyzed Asian powers still trails that of the United States, but the CSIS study says it will surpass Europe's military expenditures this year.
Read More................
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