LONDON – China is beginning to export its own weapon designs, including armed drones, worldwide and is reaching “near-parity” with the West in terms of military technology, according to a report on Tuesday.
The International Institute for Strategic Studies said that China’s official defence budget of $145 billion (€137 billion) last year was 1.8 times higher than those of South Korea and Japan combined.
It also accounted for more than a third of Asia’s total military spending in 2016, the IISS annual Military Balance report said, adding that spending in Asia grew by 5 to 6 percentage points a year between 2012 and 2016.
Total global military spending instead fell by 0.4 percent in real terms in 2016 compared to 2015, largely due to reductions in the Middle East.
“China’s military progress highlights that Western dominance in the field of advanced weapons systems can no longer be taken for granted,” IISS director John Chipman said at a presentation in London.