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Global military expenditure reached its highest level last year since the end of the Cold War, fueled by increased spending in the United States and China, the world's two biggest economies, a defense think tank said Monday.U.S. military spending rose 4.6 percent last year to reach $649 billion, leaving it still by far the world's biggest spender. It accounted for 36 percent of total global military expenditure, nearly equal to the following eight biggest-spending countries combined, SIPRI said.Military expenditure by all 29 NATO members amounted to just over half of global spending, SIPRI added.
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