China is the world's military spending the fastest-growing countries

China's military expenditure is the world's fastest growth rate among the countries in the next few years is expected to keep up the momentum, but also world no country can challenge the United States as the world's largest arms market position. Britain's Military Intelligence Group, said the report pointed out that the U.S. defense a year of almost 700 billion U.S. dollars (about 989.4 billion Singapore dollars), equivalent to the United Kingdom ranked second worldwide for nearly nine times.

Group's national defense, said economic analyst Smith said that the Western European countries military expenditure far less than the United States, "Western European countries in the military spending is average, is expected to take a long, long time to catch up with the U.S. level."

The report also showed that China's military budget for this year's 58 billion U.S. dollars, ranked the world's fourth came after France; if calculated in accordance with the current growth rate, by 2020, China's military spending will rise to 360 billion U.S. dollars.

The report also pointed out that China may become a major exporter of military equipment, it is because of its rapid technological development, low cost and geopolitical factors such as increased production of weapons of China's attractiveness to buyers, especially African countries.

In addition to China, the report also named Russia and India for another two rapid growth of defense spending, the joint Russian-Indian bilateral expenditure in 2003-2007 between growth doubled to nearly 100 billion U.S. dollars and is expected to 2010 In their defense spending will rise 62 percent to 161 billion U.S. dollars.

Russia currently ranks eighth, the year's defense budget nearly 36 billion U.S. dollars, ranking the first 11 years of India's military budget was 27 billion U.S. dollars. Smith believes that China's military strength will be the development of Russia and India to more long-term and lasting.