Security, Asia Pacific
While not a true arms race, Washington and Beijing are now very much in a twenty-first-century great power competition.
Last fall China State Shipbuilding Corporation Limited (CSSC) became the world's largest shipbuilder, with 310,000 employees spread across 137 scientific research institutions, enterprises and listed companies. The conglomerate, which has total assets of 790 billion yuan ($112.41 billion), is the result of a merger of two state-owned...
Read this story at The National Interest