The Intelligence from The Economist

The Peking order: Can China’s army surpass the US?

19 snips
Nov 14, 2024
Avantika Chilkoti, a global business correspondent for The Economist, discusses the recent struggles in luxury e-commerce as post-pandemic consumer habits shift. She highlights the challenges major retailers face and MyTheresa's strategic plans for recovery. Anne Rowe, the obituaries editor, shares the poignant story of Balthazar Ushka, Ecuador's last ice miner, reflecting on his battle with modernity and climate change as he cherishes the ice of Chimborazo mountain, a symbol of his cultural heritage.
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INSIGHT

China's Military Shift

  • China's military modernization is shifting from quantity to quality.
  • They aim to rival US forces by 2049, causing concern among American officials.
INSIGHT

China's Naval Strength

  • China's navy, already the world's largest, is improving ship quality.
  • Their warships now boast comparable design and firepower to American vessels.
INSIGHT

China's Air Power

  • China's air power is advancing with improved jet engines and missiles.
  • Their PL-15 missile rivals NATO standards, while hypersonic missiles give them a clear edge.
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