Economist Podcasts The Peking order: Can China’s army surpass the US?
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Nov 14, 2024 
Avantika Chilkoti, a global business correspondent for The Economist, discusses the decline in luxury e-commerce, revealing why shoppers are favoring tactile experiences over online purchases. She highlights challenges faced by platforms like Farfetch. Meanwhile, Anne Rowe shares the poignant story of Balthazar Uzca, Ecuador's last ice miner, detailing his battle against climate change and modernity. Their conversation intertwines contemporary economic trends with historical narratives, showcasing how personal stories reflect broader global shifts.
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China's Military Modernization
- China's military is rapidly modernizing, focusing on quality over quantity.
- They are catching up to the US in naval power, air power, and hypersonic missiles.
China's Naval Power
- China's navy, already the world's largest, is improving in quality.
- Their warships now boast comparable design and firepower to American ships.
China's Air Power
- China's air power is also advancing, with new stealth fighters and advanced missiles.
- The PL-15 missile rivals NATO standards, and China leads in hypersonic missile technology.