Defence Spending

Reflecting their maritime domain ambitions, three of the most vibrant economies in Asia have continued to increase their military spending. China, India and South Korea have been beefing up their military arsenals with new weapons systems from the United States, Russia, Germany, France and the UK.

Asian states are world’s largest arms buyers

The top five arms importers are all Asian countries, with India the single largest recipient.

Thalif Deen, Aljazeera
New York, NY – China, India and South Korea – three of the most vibrant economies in Asia – are also beefing up their military arsenals with new weapons systems from the United States, Russia, Germany, France and the UK.

According to the latest figures released Monday by the Stockholm International Peace Research Institute (SIPRI), the world’s five largest arms importers in 2007-2011 were all Asian states beating out the traditional frontrunners – the rich, oil-blessed Middle Eastern countries.

India was the world’s single largest recipient of arms, accounting for 10 per cent of global arms imports, followed by South Korea (six per cent of arms transfers), Pakistan (five per cent), China (five per cent) and Singapore (four per cent).

The five biggest arms suppliers in 2007-2011 were the United States, Russia, Germany, France and the UK.

New deals

Still, the most significant purchase in 2011, and the largest arms deal for at least two decades, was……….[access full article]

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