Economist Podcasts Shining armour: China’s new fleet
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May 19, 2023 
Jeremy Page, Asia diplomatic editor for The Economist, delves into China's military expansion and its implications for U.S. dominance and Taiwan tensions. Ainsley Johnston, data correspondent, reveals the tragic impact of soaring energy prices on European mortality rates, highlighting 150,000 excess deaths. Anne Rowe pays tribute to Pema Tsieden, the father of Tibetan cinema, showcasing his cultural contributions amid challenges. Together, they explore military identity, energy crises, and the intricacies of modern storytelling in a rapidly changing world.
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China's Military Growth
- China's military power is growing despite economic slowdown and demographic challenges.
- Some scholars argue that this makes a near-term attack on Taiwan more likely.
China's Defense Budget
- China's defense budget has seen consistent growth, averaging over 9% annually since the late 1990s.
- Although smaller than the U.S. budget, China's spending will likely continue to increase.
China's Naval Expansion
- China's navy, key to any Taiwan operation, is expanding rapidly.
- The Pentagon estimates China will have around 440 battle force vessels by 2030, including crucial amphibious ships.