China's massive military spending is having a ripple effect in region
SINGAPORE - The Asia-Pacific region is one of the fastest-growing markets for arms dealers.
Economic growth, territorial disputes and long-sought military modernizations there propelled a 52% increase in defense spending over the last decade to $392 billion in 2018, according to the Stockholm International Peace Research Institute.
The region accounts for more than a fifth of the global defense budget and is expected to grow. That was underscored last week by news of Taiwan's bid to strike a $2 billion deal to purchase U.S. tanks and missiles.
The biggest driver in
