US-China strategic rivalry and new technology propel global surge in military spending, IISS report says


Global defence spending saw its biggest jump in a decade in 2019, driven by the US and China, a study said on Friday, as rivalries and conflicts stoke military investment.The International Institute for Strategic Studies (IISS) said the 4 per cent rise, compared to a year earlier, was fuelled by competition between major powers, new military technologies and rumbling warfare from Ukraine to Libya.Beijing’s military modernisation programme – which includes developing new hard-to-detect…

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