Dateline City:
London
London (February 14, 2012) – China’s defence budget
will hit $238.2 billion in 2015, more than the combined spend of all other key
defence markets in Asia Pacific which is expected to reach $232.5 billion in
2015, according to information and analysis provider IHS (NYSE: IHS).
China’s defence budget will double by 2015, growing at a rate of 18.75% (CAGR) between 2011 and 2015, reaching around four times Japan’s defence budget, the region’s next biggest spender.
Language:
English
