00:00A new report shows countries across the world are spending much more on their militaries.
00:05The Stockholm International Peace Research Institute report says 2025 marks the 11th
00:10straight year of increased defense spending. It also shows that nations in Asia and Oceania
00:15have raised theirs by more than 8 percent. Much of that was driven by China, the world's
00:20second biggest spender, whose expenditures jumped by 7.4 percent from the year before.
00:25Countries that have tensions with China, like Japan and Taiwan, also had substantial increases.
00:31Tokyo lifted its spending by 9.7 percent last year, while Taipei's went up by 14 percent.
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