Asia Driving 'Explosion' In Global Arms Trade: Study

By Reuters

China is expected to increase its defence budget by 64 percent to $207 billion by 2021, compared to India and Indonesia which are respectively forecast to spend 54 and 113 percent more, the study said.

These countries aspire to build thriving defence industries capable of developing modern equipment such as fighter jets and aircraft carriers, and may be able to export “world class kit” rivalling that of the West in a decade as a result of their willingness to spend, IHS Jane’s said.

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