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Munich Security Conference

BEIJING, CHINA - OCTOBER 1, 2019: DF-17 Dongfeng medium-range ballistic missiles equipped with a DF-ZF hypersonic glide vehicle, involved in a military parade to mark the 70th anniversary of the Chinese People s Republic. Zoya Rusinova/TASS PUBLICATIONxINxGERxAUTxONLY TS0BCF8D

Trump and China push Asian countries into the arms trap

Today marks the start of the Munich Security Conference. Europe looks primarily to Ukraine and the Middle East. But tensions are also rising in Asia. Defense spending is rising to record levels – and threatens to become a cost trap.

By Michael Radunski