A growing arms race between China and its neighbours helped to propel global defence spending to its first growth in three years, despite the fall in oil prices hitting some of the arms industry’s biggest clients.
All told, military spending in Asia and Oceania rose 5.4 per cent in 2015,
the fastest-growing region in the world, beating even the war-torn Middle East, which grew 4.1 per cent the same year, according to a study by the Stockholm International Peace Research Institute.
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