Military Coffers Growing in Most of the World Military spending remains at all-time-high levels, growing 1.1% or $1.7 trillion in 2017. Growth is largest in the Asia-Pacific and Middle East regions, according to the Stockholm International Peace Research Institute (SIPRI).  China, for example, which ranks second to the U.S. among all countries in military expenditures, is pumping 5.6% more money into its armed forces—$228 billion, according to the think tank’s annual study ...

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