Plus cyberwarfare division. Twice as many satellite starts per year than all europe. Tank developement.missile develoepment. Ambitious plans to modernise their fleet of submarines.
Already two or three years bago it was put in question that the US Navy still could dominate in a war near Taiwan/China, and that it'S fleet of submarines can survive in a war scenario near Chinese waters. I think the balance is shifting more in faovur of the Chinese - but doing so with increasing pace. They will not need to take that much time for learning and developement than the Us had to in the past. Technical standards have generally risen globally, there are more options and possibilities to benefit from stolen data, and do espionage via cyberwarfare.
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