U.S.-China Rivalry Pushes Rise in World-Wide Military Spending, Report Finds

MUNICH—Global competition between the U.S. and China is spurring countries all-around the globe to raise their armed forces investing, according to a new report by an global imagine tank that described the major raise in additional than a 10 years.

Defense investing globally rose by four% in 2019 around the former calendar year,  amounting to the best annually raise in 10 many years, according to the report, published Friday by the London-based International Institute for Strategic Scientific studies.