China: The Growing
Threat of War By Jocelynn Smith, Managing Editor Dear Sovereign Investor, China is set on proving that it is more than an economic powerhouse, but a military force to be reckoned with. A new war could be coming.
According to a recent Pentagon report, the Asian behemoth is modernizing its air force on an "unprecedented" scale. It is improving its aircraft, jamming communications equipment and other warfare electronics. The report also states that it is probable that China used drones for reconnaissance in the East China Sea, while a separate report speculates that China's drone program benefits from "unlimited resources" and "might allow China to match or even outpace U.S. spending on unmanned systems in the future."
The Pentagon estimates that China's defense budget has grown to $145 billion, which is second largest in the word behind only the U.S. defense budget of $640 billion.
In fact, China has taken a decidedly more aggressive stance toward its neighbors in recent months. The dispute between Vietnam and China over a region of the South China Sea grows more heated, especially following the sinking of a small Vietnamese fishing boat by a Chinese ship. The Philippines have felt the encroachment of the Chinese in the South China Sea, with Chinese ships moving around reefs and inlets claimed by China, the Philippines and Vietnam. Japanese and Chinese fighter jets have narrowly missed each other twice in the East China Sea. And finally, the U.S. and China have exchanged spying accusations.
After America's failure to rein in Russia's expansionist dreams, China likely views the remaining years of Obama's term as a perfect opportunity to do a little plundering as well. Defense Secretary Chuck Hagel has even admitted that the U.S. may not be perceived as being as powerful as it once was. With America's threat of force effectively neutered, it becomes more likely that the countries we once held in check are now gearing up for aggressive acts on their neighbors.
Black skies darken the horizon. It's time to get your plan to protect yourself in place.
Regards,
Jocelynn Smith
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