International relationsAsia's military spending up 2.8% in 2021, bucking 1.8% global drop
Growth slows in region, but expenditures 'resilient' to economic squeeze
China's first aircraft carrier, the Liaoning, in Hong Kong in July 2017: China's 2021 defense budget is more than twice the size of its 2011 budget in nominal terms. © Getty Images
Nikkei staff writers
February 15, 2022 16:59 JST
TOKYO -- Military spending in Asia rose 2.8% in 2021 versus the previous year, compared with an inflation-adjusted decline of 1.8% worldwide, the International Institute for Strategic Studies (IISS) said in its latest edition of "Military Balance" published Monday.