In a bold move reaffirming its commitment to regional naval dominance, China deploys its carrier strike group in the contested Taiwan Strait, revealing a strategic vision beyond recent diplomatic overtures.
GlobalData’s latest report sheds light on the Asian superpower’s naval investment, signalling a pursuit of technological parity with the US and its allies.
China’s push for naval supremacy took centre stage as the aircraft carrier Shandong, flanked by an array of warships, navigated the Taiwan Strait. Despite trailing vessels from the US, Japan, and Taiwan, this assertive move underscores China’s unwavering stance on territorial claims and its refusal to compromise regional dominance.
GlobalData, a leading data and analytics company, unveiled in its recent report, “Naval Vessels and Surface Combatants Market Size and Trend Analysis by Segments, Programs, Competitive Landscape and Forecast to 2033,” that China is set to invest a staggering $51bn (362bn yuan) in procuring naval vessels and surface combatants over the next decade. Notably, 28% of this budget is earmarked for expanding its aircraft carrier fleet.
Rithik Rao, Aerospace and Defence Analyst at GlobalData emphasised China’s broader vision: “China aims to operate a fleet of at least six aircraft carriers, with the upcoming Fujian carrier poised to be the most technologically advanced outside the US. Equipped with the Electromagnetic Aircraft Launch System, it signifies a significant stride in closing the technological gap with the US Navy.”
As China bolsters its influence in the South China Sea and the broader Indo-Pacific, its strategic investments align with the controversial One-China policy. Analysts predict an ongoing series of naval deployments and drills in contested waters as China works tirelessly to achieve technological parity with its primary rival, the United States, and its allies.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData