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Chinese J-20 Stealth Fighter
The Chinese government is heavily investing in military research and development

The Pentagon recently noted that China's evolving military could be on track for a complete overhaul by 2020 Reuters reports. China reportedly spends about $160 billion USD each year on its military development, and other global super powers are anxiously watching. 

For example, the J-20 stealth jet program should be operational within the next seven years, and China's navy recently began sea trials of its first aircraft carrier.  The 
former Soviet ship was retrofitted to be an aircraft carrier -- and it will take a few more years before China can develop its own aircraft carriers. 

At a time when U.S. defense spending is under pressure, lawmakers are worried about China's military and space program spending.  

Even the U.S. State Department is becoming annoyed with China’s advancements, brazenly questioning its motives. "We would welcome any kind of explanation that China would like to give for needing this kind of equipment,” read a statement issued by the U.S. State Department last month. “We have had concerns for some time and we've been quite open with them with regard to the lack of transparency from China regarding its power projection and its lack of access and denial of capabilities." 

Chinese officials continue to defend their country's evolving military, saying they hope to work with Washington. "Despite continued gaps in some key areas, large quantities of antiquated hardware and a lack of operational experience, the PLA (China's People's Liberation Army) is 
steadily closing the technological gap with modern armed forces," stated a report covering China's 2010 military development. 

Continued economic turmoil in Japan has given China added confidence that it can be the standout Asian superpower, while the communist nation continues to woo foreign companies to invest inside its vast borders. 

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RE: And?
By vazili on 8/26/2011 8:49:32 AM , Rating: 3
Actually, the US produces more than China does. US manufacturing is still in highly profitable goods (pharma, defense, airliners, etc). That's why you don't see too many "Made in USA" on cheap stuff you buy.

not only that, BUT the cost of chinese labor is going up. so manufacturers have two choices

1. Move labor somewhere else that doesn't have as good infrastructure

2. Move back to the US where cost of labor is higher but cost of shipping is next to nothing

RE: And?
By kleinma on 8/26/2011 12:37:21 PM , Rating: 2
Why is why those are the targets of Chinese hacking attacks. To steal the ability to also make what the US is good at making. And the US is pretty much letting it happen.

RE: And?
By lagomorpha on 8/26/2011 1:47:36 PM , Rating: 2
The other side effect of higher wages in China is the creation of a consumer base in China. Shipping costs to the US are less important if they can sell more products in their own nation. China did spend more money than the US on computers this quarter...

"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation

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