Political Risk

China Is Among the World Leaders in ‘Secret’ Military Spending, Report Says

“China is responsible for 30% of the world’s secretive defense spending,reports Transparency International (TI), a Berlin-based anti-corruption NGO. Secretive spending, defined by TI as ‘military expenditure where no meaningful details are released either to the public or parliament,’ is leading to corruption at home and mistrust in the Asia-Pacific region that could destabilize the area, the organization says.”

Source: China Is Among the World Leaders in ‘Secret’ Military Spending, Report Says – Defense One

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