The high-profile purchase of an opulent home on The Peak in 1998 by a Hong Kong-based businessman was cover for the purchase of what would become China’s first aircraft carrier. Xu Zengping, 65, the People’s Liberation Army Navy proxy who bought the unfinished carrier from a Ukrainian shipyard, said the purchase of the HK$220 million (US$28.1 […]
The Liaoning is part of a three-way arms race involving the naval forces of China, Japan, and the other big Asian power, India. With China embroiled in territorial disputes with both Japan and India, all three countries are coming out with bigger and better warships to make sure they hold their own in the region. Read Here […]
Six cities in Liaoning province, including Shenyang and Anshan, recently announced they are converting abandoned industrial sites to farmland. Dongguan, once a booming factory center, is on the verge of bankruptcy as companies close, leaving the local government severely cash-strapped. Just two years after China overtookthe U.S. to become the world’s largest manufacturer, the country faces the […]
China has just taken another step in the direction of becoming a military power. On Tuesday, it put into service its first aircraft carrier, named the “Liaoning” after China’s northeastern Liaoning Province. According to the Ministry of National Defense, the carrier’s entry into service “has important meaning for raising the level of the modernization of China’s […]
looking beyond borders 