Graphic on projected military budgets for Asian countries in 2015, topped by China at $238.2 billion, according to forecasts by global research group IHS |
Chinese sailors are seen onboard a frigate berthed in Shanghai. |
Wednesday, February 15, 2012
AFP
China's defence budget will double between 2011 and 2015 and outstrip the combined spending of all other key defence markets in the Asia-Pacific region, global research group IHS said on Tuesday.
China's defence budget stood at $119.8 billion last year and will rise to $238.2 billion in 2015, marking a combined annual growth rate of 18.75 percent during the period, the US-based IHS said in a forecast.
The 2015 figure exceeds the combined total of the next 12 biggest defence budgets in the region, forecast to hit $232.5 billion, and will be almost four times second-placer Japan's defence spending that year, it added.
"Beijing has been able to devote an increasingly large portion of its overall budget towards defence and has been steadily building up its military capabilities for more than two decades," said Rajiv Biswas, Asia-Pacific chief economist for IHS Global Insight.
"This will continue unless there is an economic catastrophe."
The growth in China's defence budget -- which averaged 12 percent annually from 2000-2009 -- will benefit from the projected surge in the gross domestic product of Asia's largest economy in the next three years.
China will use the additional cash to modernise its equipment while reducing its manpower, resulting in a higher amount of funding per member of its armed forces, IHS said in its report.
Aside from China and Japan, the report also tracks the military spending of India, South Korea, Australia, Taiwan, Singapore, Indonesia, Pakistan, Thailand, Malaysia, Vietnam and New Zealand.
The US government's "renewed Asia-Pacific focus" is helping fuel China's expansion of its defence budget, according IHS Global Insight's Asia-Pacific head Sarah McDowall.
"China's expanding defence budget has intensified concern among various governments. Perhaps most importantly, it has prompted Washington to undertake a diplomatic campaign to reassert its profile in the Pacific," she said.
"Washington is also keen to ensure freedom of navigation through important sea lanes in the region and to maintain a situational awareness of China's military development," McDowall added.
President Barack Obama, while seeking to trim military spending in response to budget pressures, has vowed to boost US power in Asia where a number of nations have voiced concern at what they see as a more assertive China.
This concern will also drive other Asia-Pacific countries to shore up their budgets but it will not be their sole impetus, said Paul Burton, senior principal analyst of IHS Jane's Defence Budgets.
"China's rise is not the only motivator. There are a number of lingering security issues, driven by competition for untapped natural resources, that are prompting many states to increase their defence to GDP ratio," he said.
Vietnam and Indonesia in particular are expected to increase defence spending at a rate that exceeds their GDP growth, Burton added.
But the two countries' defence budgets will not be able to match up to the resources of their smaller but wealthier Southeast Asian neighbour Singapore, which will spend $12.3 billion on defence in 2015, IHS predicted.
4 comments:
But China's military spending will still be way way below that of the US imperialist superpower, the # 1 warmonger on the planet!!!
ខ្ញុំហាក់ដូចជាមើលឃើញថាចិននិងអាមេរិកកំពុងតែតំឡើងធ្មុងនិងសម្រួចស្នែងដាក់គ្នានាពេលបច្ចុប្បន្ននេះ តើសង្រ្គាមលោកលើកទីបីអាចនឹងកើតឡើងបានដែរឬទេ? រីឯប្រទេស អេរ៉ង់ និងប្រទេស អ៊ីស្រាអែលក៏កំពុងតែញិញធ្មេញដាក់គ្នាដែរ ហើយថ្មីៗនេះ អេរ៉ង់បានធ្វើសកម្មភាពភារវកម្មអោយមានការផ្ទុៈគ្រាប់បែកនៅឥណ្ឌានិងកាលពីម្សិលមិញនេះជនជាតិ អេរ៉ង់ពីរនាក់បានដាក់គ្រាប់បែកក្នុងឡានបម្រុងទម្លាក់កំហុសទៅលើជនជាតិ អ៊ីស្រាអែល តែជាអកុសលព្រៈលោកមិនជួយត្រូវគ្រាប់នោះបានផ្ទុៈក្នុងឡានបណ្តាលអោយបុរសម្នាក់ដាច់ជើងហើយម្នាក់ទៀតត្រូវតម្រួតថៃចាប់បាននៅពលានយន្តហោះនៃទីក្រុងបឹងកក។
U.S had many wrong things but she had helps the world much more than any nation on earth. America is a foundation for Democracy in the world don't you forget it. Without America support the Viet's Forces of some 180,000 to 250,000 will never leave Cambodia. President Ronald Reagan and Staffs worked hard to get the Viets and her puppet and the 3 Cambodian Resistance Forces to sign 1991 PARIS PEACE AGREEMENTS.
America not perfect but without U. S dollars sent to you from over sea Cambidian, tourists Cambodia will be much worst than now. America gave Cambodia free tariff trade, this what created garment Industries in Cambodia. Employed hundredth thousands Khmer women and in turn she feed millions if her family members. Hey don't be a hater to America. I lived in U.S a long time immigrated from Cambodia.
This country is not perfect but, if you work or study hard you have a good chance to succeed. America will not kill you if disagree with her policies if you do peacefully. I can't say the same thing in Cambodia.
Is the U.S so strong why they lost the war to Vietcong
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