Shangri-La arms race: Follow the money

By Dan Steinbock

Jun 11, 2018 12:07 am

*Main suppliers (share of importer’s total imports, %, 2013-17) Importer 1st, 2nd, 3rd supplier and the rest

America’s economic role is descending, and even its military position, as reflected by US arms transfers, has declined from the Cold War era. Meanwhile, China has matured into a major economic contributor in the region, particularly as economic spillovers associated with One Belt One Road (OBOR) initiatives are spreading.

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