China v America: how Xi Jinping plans to narrow the military gap

China v America: how Xi Jinping plans to narrow the military gap
China's first home-built aircraft carrier heads to sea at Dalian, Liaoning province. (Image: Getty)
The Economist
Ever since British troops vanquished Qing dynasty forces in the Opium Wars of the 19th century, Chinese modernisers have dreamed of building world-class armed forces with a strong navy at their core. China’s spears and sailing ships were no match for steam-powered gunboats, wrote Li Hongzhang, a scholar-official who helped set up the country’s first modern arsenal and shipyard in Shanghai in 1865. If China systematically studied Western technology, as Russia and Japan had, it “could be self-sufficient after a hundred...

More World

Nvidia, Microsoft invest $26.5b in AI startup Anthropic
Technology

Nvidia, Microsoft invest $26.5b in AI startup Anthropic

The investments mark a significant realignment in the generative AI sector.

AFP 10:10am
US Fed official backs further rate cut due to weak job market
World

US Fed official backs further rate cut due to weak job market

Fed Governor argued that lowering rates further is a matter of "risk management.

AFP 18 Nov 2025
Eye on Central Otago as new West African gold belt
Markets

Eye on Central Otago as new West African gold belt

KO Gold sees similarities between Africa’s Berimian Greenstone region and Central Otago.

Denise McNabb 18 Nov 2025
Financial apps for kids are changing allowances
Technology

Financial apps for kids are changing allowances

Most of these apps feature a payment option related to chores.