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2025-04-28 01:11:49

Layer3.news on Nostr: South China Morning Post MILITARY SPENDING ON THE RISE IN EAST ASIA AS CHINA UPGRADES ...


MILITARY SPENDING ON THE RISE IN EAST ASIA AS CHINA UPGRADES ITS ARMED FORCES: REPORT


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✍️ East Asia's defence spending is increasing due to China's military build-up, according to a Swedish think tank's report.
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👉 Global military expenditure reached $2.72 trillion in 2024, a 9.4% increase from 2023.
👉 The top five military spenders accounted for 60% of the global total, with combined spending of $1.64 trillion.
👉 The Asia and Oceania region spent $629 billion in 2024, a 6.3% increase from 2023.
👉 East Asia's military budgets expanded by 7.8% to $433 billion, driven by growing tensions.

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#EastAsia #AsiaandOceania #Stockholm #China #Philippines #world
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Swedish think tank says Beijing accounted for half of all defence expenditure in Asia last year.
https://www.scmp.com/news/china/military/article/3308128/military-spending-rise-east-asia-china-upgrades-its-armed-forces-report?utm_source=rss_feed

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