Australia will boost its military budget by more than $11 billion a year by 2025 to defend itself against possible war with China, analysts predict. Defence spending was about $40.1 billion in the 2020 financial year and this is predicted to rise sharply to $51.26 billion five years later. Tensions are still rising with China in an ongoing trade war Beijing started almost a year ago after Prime Minister Scott Morrison called for a coronavirus inquiry.
China and Australia also have fundamental disagreements on human rights, Taiwan, and the country's increasing expansionism in the Asia-Pacific.
Business analysis firm GlobalData predicts in a new report that the rising threat of China will push Australia to dramatically increase spending....MORE
