Global Arms Transfers Increase
The Stockholm International Peace Research Institute (SIPRI) has presented its annual report on world arms transfers. According to the report, China has become the world's second biggest military spender behind the United States.
Global arms spending rose 4 percent last year, while China increased its spending by 10 percent to an estimated $US 84.9 billion. France ranks third on the annual list. The United Kingdom and Russia ended up fourth and fifth.
The report also pointed out that the security situation in Afghanistan is likely to worsen and warned that expectations for President Barack Obama's strategy for the region may be too high.
The research institute said Obama will face difficult challenges in withdrawing troops from Iraq, as well as in changing the way the United States deals with the international community and in pursuing nuclear disarmament. (ah)