Global arms spending rose 4% last year, but China increased its spending by 10% to an estimated $84.9bn (£53bn) last year, the Stockholm International Peace Research Institute said in its annual report on world arms transfers.
"China is continuing to acquire both domestic and foreign arms as it seeks to equip its armed forces for conditions of modern informationalised' warfare," it said. Such warfare involves the use of precision weapons and high-tech information and communications technology. More...
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