These Chinese Military Advancements Are Shifting The Balance Of Power In Asia
As China continues its rise to superpower stature, Beijing is trying to rapidly increase its firepower.
China's attempts to seriously upgrade its military - with next-generation fighter jets, ballistic missiles, and advanced naval vessels - is partly aimed at keeping pace with the US.
The two are in a veritable arms race in east Asia. The US engaged in a "pivot to Asia," focusing military and diplomatic attention on an increasingly important part of the world.
Meanwhile, China is trying to expand its territorial reach into the South China Sea, an effort that's already bringing Beijing into conflict with US allies like Japan, the Philippines, and Vietnam.
And China is constantly building its military with a possible invasion of Taiwan in mind.
Already, China has become the world's second-largest military spender, right behind the US. Since 1995, China has increased its defense budget by 500% in real terms.
Although China's military has a ways to go before it is qualitatively, or even quantitatively, a match for the US, the country's rise has been notable, and counts as one of the major geo-strategic developments of this decade.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Foreign tourist arrivals in India will cross pre-pandemic level in 2024
- Upcoming smartphones launching in India in May 2024
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market