New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
China takes the lead in military innovation, says think tank
The US and its allies can no longer assume military dominance, or rely on the airpower capabilities that have provided them with vital strategic advantage for the past decade, according to the UK-based International Institute for Strategic Studies (IISS).
IISS has identified that a significant shift in the balance of global military power is taking place as nations such as China and Russia emerge as defence innovators, challenging the traditional predominance of the West.
The three leading military powers, the US, China and Russia are expected to continue to pursue ambitious military modernisation programmes, prioritising readiness and survivability, in preparation
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