South China Sea faces higher risk of conflict as arms race builds up, says weapons expert

South China Sea faces higher risk of conflict as arms race builds up, says weapons expert

The South China Sea region faces a heightened risk of conflict as it arms itself at an “alarming rate,” an expert from the Stockholm International Peace Research Institute told CNBC on Monday.

It comes as worldwide military spending surpassed $2 trillion for the first time ever in 2021, he added.

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