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Asia defence spending rises in China's shadow, driving deals

Military outlays in Asia and Oceania - which includes Australia and New Zealand - grew 5.4 per cent in 2015, outpacing a one per cent rise in global spending, according to the Stockholm International Peace Research Institute.

Hong Kong

GLOBAL defence contractors are circling for business in Asia, with countries from Australia to Vietnam upgrading and adding everything from submarines to fighter jets as China expands its military reach.

Defence budgets will keep rising, according to IHS Jane's, which