Asia’s security calculations ultimately point to an unsettled and ill-tempered global order, shaped by one-man rule in a more militarized China with slowing economic growth, polarized politics in a heavily indebted America, bolder aggression from Russia and North Korea, and demands for greater influence from the still-developing giants of Indonesia and India.
“The balance of power is shifting so rapidly, and it’s not just China,” said Shivshankar Menon, India’s national security adviser from 2010 to 2014.
“There will be higher risks,” he added, “in a time of change.”
China’s Military Transformation
The Indo-Pacific holds 60 percent of Earth’s population, covers two-thirds of the planet and accounts for around 65 percent of global gross domestic product.
In 2000, military spending in Asia and the Pacific accounted for 17.5 percent of worldwide defense expenditures, according to SIPRI, the Stockholm International Peace Research Institute. In 2021, it accounted for 27.7 percent (with North Korea excluded, making it an undercount) and since then, spending has shot up further.
China’s growth has been a major driver of that increase. It now spends about $300 billion a year on its military, according to SIPRI, up from $22 billion in 2000, adjusted for inflation — an expenditure second only to the $800 billion defense budget of the United States. And while U.S. military spending covers a global network, China has focused on Asia, rolling out hardware to project power and intimidate its neighbors.
China’s navy has already outstripped the U.S. Navy, reaching 360 battle force ships in 2020, compared with the U.S. total of 297, according to the U.S. Office of Naval Intelligence. In 2021, China fired off 135 ballistic missiles for testing, more than the rest of the world combined outside war zones, according to the U.S. Defense Department.
