MUNICH—Global competitors among the U.S. and China is spurring nations around the world about the earth to improve their navy paying out, in accordance to a new report by an international consider tank that documented the biggest improve in additional than a decade.

Protection paying out globally rose by 4% in 2019 more than the previous 12 months,  amounting to the greatest annually improve in 10 several years, in accordance to the report, posted Friday by the London-centered International Institute for Strategic Experiments.