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Tuesday, 16 October 2012 - 13:23
China leads rise in Asia military spending.
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Military spending by Asia's major powers increased dramatically over the past decade with China leading the way, as its defence budget quadrupled since 2000.

A Washington-based think tank said Defence spending in China and four other Asian countries doubled over 10 years and will surpass Europe's military expenditures this year.

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.

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

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