The Intelligence from The Economist Shining armour: China’s new fleet
May 19, 2023
Jeremy Page, Asia diplomatic editor, discusses China's military ambitions and naval modernization, highlighting the growing tension over Taiwan. Ainsley Johnston, data correspondent, reveals the alarming rise in European mortality rates linked to soaring energy prices during winter, indicating a complex relationship between public health and energy costs. Finally, Anne Rowe pays tribute to Pema Tsieden, a pioneer of Tibetan cinema, exploring his unique storytelling style and its reflection on Tibetan life and culture amidst adversity.
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China's Military Power Peak
- China's economic slowdown and demographic challenges raise questions about its military power's peak.
- Some scholars suggest these issues might incentivize a near-term attack on Taiwan due to perceived declining power relative to the US.
China's Defense Spending
- Despite economic concerns, China's military power isn't peaking yet, with defense spending consistently rising.
- While China's official military budget is smaller than America's, it is projected to narrow the gap substantially by 2030.
China's Naval Capacity
- China's navy, key to projecting power and any Taiwan operation, has grown but lacks sufficient amphibious assault ships.
- This will change, with the Pentagon estimating China will possess over 400 battle force vessels, including crucial amphibious ships, by 2030.