The Asia-pacific region will comprise a quarter of global naval security spending in the next couple of decades, spending nearly $200 billion USD as tension drives nations to upgrade their maritime defense capabilities. Increased aggression from China and other border-disputes drives the production of 255 patrol craft, 235 fast attack craft, 128 amphibious ships, 116 […]
Asia powers double defense spending
China’s recent explosion in defense spending has caused a regional response from other powers– Asia’s top players have doubled their defense spending in the past decade, creating a regional arms race that isn’t helping geopolitical tensions. Although there hasn’t been a significant increase in human capital, defense spending has skyrocketed nonetheless, according to a new […]