SGA14: Increased Asian defence spending ahead of Singapore Airshow
The growth of Asian defence budgets has accelerated in 2013 with military procurement rising further, according to the Military Balance 2014 released on 5 February.
The International Institute for Strategic Studies (IISS) report - released ahead of the Singapore Airshow - explained that the surge is mainly driven by continuing Asian tensions, like territorial disputes and maritime incidents.
‘These conflicts have become more acute as nationalist sentiment has grown, and as initiatives such as Beijing’s announcement of an air-defence identification zone over part of the East China Sea sparked controversy,’ said John Chipman, director-general and chief executive of the
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