China leads rise in Asia military spending: study

October 16, 2012 01:32

Military spending by Asia's major powers, including India, increased dramatically over the past decade with China leading the way, as its defence budget quadrupled since 2000, according to a study released today.

Defence spending in China and four other Asian countries doubled over 10 years and will surpass Europe's military expenditures this year, said the Center for Strategic and International Studies, a Washington-based think tank. Asia's arms race still leaves it trailing US defence spending, but it will ensure the United States likely will stick to its plan to shift the country's strategic focus towards the Asia-Pacific region, it said.

Defence spending in China, India, South Korea and Taiwan reached a total of USD 224 billion in 2011, which "equates to almost twice the amount spent by these five countries in 2000," said the CSIS study.

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