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Even with Slowing Growth, China’s Defense Spending Still on Path to Match Western Europe’s

Even with Slowing Growth, China’s Defense Spending Still on Path to Match Western Europe’s

by | Feb 4, 2014 | Ammunition, Britain/U.K., Budgets, Daily Rapid Fire, France, Industry & Trends, Middle East - Other, R&D - Private, Saudi Arabia, Scandals & Investigations, United Arab Emirates (UAE), USA

* IHS Jane’s projects global defense spending to reach $1.55T in 2014, the first (slight) increase in years. They expect China’s military budget to overtake the combination of France, Germany and the UK next year. This is consistent with earlier data from...