Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Russia Loses China Arms Race

Politics / Russia Nov 18, 2010 - 08:20 AM GMT

By: Pravda

Politics

Russia is losing the Chinese arms market. An official spokesman for Russia's defense export giant Rosoboronexport, Sergey Kornev, stated at Airshow China 2010 that the amount of orders between Russia and China had dropped because the Chinese market had been saturated with arms. It particularly goes about the aviation technology. Russia, the official stated, has delivered 280 Su fighters to China during the recent years.


The USA has been showing more concerns about China's growing military threat against such a background. Experts of the US-China Economic and Security Review Commission stated in their report that the USA had lost the military predominance in the region. It was also said that China was already capable of destroying five of six US army bases in the Pacific Ocean.

In the nearest future, China will be able to significantly change the balance of forces in South-East Asia. The increased opportunities of Chinese missile and airborne troops are capable of hampering the operations conducted by US armed forces in the region. As a result, the movement of American troops in the region will be restricted, the experts said in their recent report. Chinese combat vessels have been showing more activity recently in the Yellow, South China and East China seas.

China is particularly concerned about the fact that the USA took the side of Japan in the territorial dispute between Japan and China for Senkaku islands. In addition, the authors of the report admit that the American experts underestimated the speed of modernization and strengthening of the Chinese army. In 2009, they believed that China would have its own fifth-generation jet not earlier than in 2025, but now they say it will happen much earlier - already in 2018.

Alexander Khramchikhin, deputy director of the Institute of Political and Military Analysis believes that China does not choose Russia as its partner on the arms market indeed.

"China is refusing from purchasing Russian arms. China has already bought what it needed, and since Russia has nothing else to offer, it is not going to sign any large deals in the future anymore. Indeed, China's military power poses a threat for the United States. I would like to repeat it again that from Russia, China purchased only the arms required for a possible armed conflict with the United States. It goes about aviation and navy first and foremost - the country was not interested in tanks or any other weapons of the ground forces.

"China's conflict with the USA can become real indeed, and the American military have all reasons for concerns. Wars mostly start because of natural resources. China has recently become the world's largest consumer of oil, and the nation's needs in fuel will only grow. Consequently, the country's competition with the United States will be growing stronger too. China has already pushed American and European competitors out from Africa.

"Unlike the USA, China does not pay attention to the organization of political regimes, with which the country cooperates. The Chinese simply bribe political elites of third world countries and use them to obtain control over resources," the expert said.

Military expert Vladislav Shurygin:

"China has been actively developing its armed forces recently. The final goal of the reform of the Chinese army is the ability to oppose to a powerful and technologically developed state. First and foremost, it goes about the USA. One should not think, however, that the competition between these two countries has reached the point when a war is about to begin. An armed conflict between the two giants is not going to happen at least during the upcoming five or seven years. For the time being, we can only witness the growing opposition in the US-Chinese relations, in the Cold War spirit between the USSR and the West.

"Russia has contributed greatly to the development of the Chinese armed forces. Fifteen years of active military cooperation were extremely important for the two countries. Nowadays, China has to develop its own defense complex, because Russia has nothing else to offer. Therefore, Russia will continue to lose its positions on the international arms market. China is now interested in purchasing arms in small batches to be able to copy the technology for its own industry," the expert said.

Sergey Balmasov

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in