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Monday, November 19, 2012

Arms race explodes as neighbours try to counter China

Changbogo-class (Type 209) |An arms-buying spree across south-east Asia will be the elephant in the room when almost 20 world leaders meet in the Cambodian capital, Phnom Penh, on Tuesday.

Defence spending across the region increased 13.5 per cent to $US25.4 billion ($24.5 billion) last year and was expected to rise to $US40 billion by 2016, the Stockholm International Peace Research Institute said.

Flush with economic success and wary of China's military expansion, countries are acquiring sophisticated sea- and air-based arsenals that include dozens of submarines that can operate in secret.

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