Armoured Vehicles Asia: Report 2015-2016
Military expenditure in Asia hit $439bn last year, an increase of over 5 percent, according to figures from SIPRI. Almost half of that is accounted for by China ($216bn), which boosted its spending by 9.7 percent. It follows a clear trend of increased military expenditure in the region; Vietnam boosted its budget by 9.6 percent, as did Australia by 6.7 percent, followed by South Korea’s 2.3 percent rise and India’s 1.8 percent. Indeed, aside from China’s rapid increase in spending in recent years, both Vietnam and Cambodia have more than doubled their military spend over the last decade.
Read this report to find out the latest regional movements and future plans...
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