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The cost of the global arms race

What a “war tax” means for the global economy ....

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China Tells Military To Be Ready For Combat, Raises Defence Budget

The spending increase outpaces targeted economic growth of around 5%, which is slightly below last year's target as the world's second-largest economy faces domestic headwinds. ....

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China ups defence budget but Anand Mahindra says 'size doesn't matter'. See post

Anand Mahindra said the future of warfare will not be dependent on how a nation spends on defence but how smartly they spend. ....

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China's defence budget sees a rise of 7.1%, expenditure shadowed by Russia-Ukraine war

In monetary terms, China`s 2022 defence spending is CNY1.45045 trillion (USD229.39 billion). Indeed, the budget revealed on 5 March confirms a continuing rebound in expenditure. Last year, China increased spending by 6.8 per cent to CNY1.355 trillion (USD209.4 billion). ....

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China hikes defence budget by 7.1 per cent to USD 230 billion

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