Nuclear submarine with intercontinental ballistic missiles, new aircraft carrier, destroyers and frigates - China to invest $1.4 trillion in military modernisation with a focus on the navy

The People's Republic of China is ready to make monumental investments in the modernisation of the People's Liberation Army. The main emphasis will be placed on strengthening the naval forces.

Here's What We Know

The situation around Taiwan and the ongoing territorial disputes in the South China Sea are forcing the PRC to invest in defence capabilities. From 2024 to 2028, the authorities intend to spend a crazy $1.4 trillion to modernise the People's Liberation Army. The average annual growth rate will be 6.6 per cent.

The defence strategy emphasises the formation of a dominant navy. To achieve this, China plans to implement several forward-looking programmes. In particular, to acquire a fourth aircraft carrier, as well as destroyers of the Type 055 class and frigates of the Type 054A class.

China also wants to commission a Type 096-class nuclear-powered submarine armed with ballistic missiles. The submarine will receive JL-3 intercontinental ballistic missiles with a launch range of up to 9,000 kilometres, capable of carrying three nuclear warheads.

Source: Navy Recognition