Homepage / Asia / Beijing's new 'landing ship' could be used to help invade Taiwan, Chinese media suggests
Rocket Lab, a next generation space company, sets a milestone by reaching orbit Amazon's automated grocery store will launch Monday after a year of false starts Trump and tech have clashed on immigration, but the H-1B issue might bring them together The NSA was light years ahead of Siri and Alexa with voice recognition technology: Report Google CEO Sundar Pichai said he doesn't regret firing James Damore Cramer Remix: My advice for Lloyd Blankfein on cryptocurrencies Cramer: The Amazon Prime rate bump is a clarion call to buy the stock Cramer's game plan: Watch individual stocks amid the earnings deluge Amazon just hired a top Seattle doctor from Iora to add to its health group: Sources Facebook's News Feed will now have users decide 'high quality' news through surveys Overstock mixed up bitcoin and bitcoin cash, letting customers buy items at a steep discount Prominent crypto critic calls bitcoin a ‘bubble’ and says go to Vegas if you want to gamble US stocks will likely run higher for another 11 years, Wall Street's Tom Lee says A government shutdown may not affect stocks much, but a bigger political battle brewing will Jeff Ubben's ValueAct launching fund with social goals, following similar moves by Jana, BlackRock Dow stock Boeing is up over 100% in one year, and some say the run isn't over Google CEO: You don't need to code to be successful at many jobs of the future—but you'll need this Netflix could see a huge move on earnings next week Netflix shares to surge on big international subscriber gains, analyst predicts What will Trump say at Davos? Six analysts give their predictions I tried to get my iPhone 6 battery replaced — here's what happened Jan Koum got the idea for $19 billion WhatsApp after missing too many iPhone calls at the gym Home security firm ADT drops 10% in NYSE debut Cramer: I'm fine with Amazon raising monthly Prime prices because it's still cheap Staten Island-based 'CabbageTech' charged with bitcoin-related fraud after promising 300% returns in a week Kohl's shares could pop 50% as Amazon partnership ramps up Trump's market cheerleading tweets could end up fueling a bubble New GOP tax law will boost corporate earnings at least 10%, says Merrill Lynch wealth manager Rising mortgage rates could mean even fewer homes for sale this spring Nike shares jump after analyst predicts a rally on new sneaker sales Investor 'fear of missing out' runs wild as record amount of money flows into stocks the last four weeks A crucial German vote this Sunday is seen as the key near-term driver for euro/dollar Oil price rally will not persuade OPEC to end production cuts, analyst says LA Times' Levinsohn under investigation after report on sex harassment Amazon is raising its monthly Prime membership rate There's a new venture fund founded by a former DJI and Tesla engineer and an ex-Kleiner partner Amazon and Nvidia are hiring people to cozy up to health VCs The executive in charge of Facebook’s efforts to court China has left the company 6 global trends that can derail your portfolio in 2018 Huawei executives are self-imposing a fine of nearly half a million dollars for inflated sales data Square shares pop after analyst says its similar to 'Amazon or Google in their early days' London's 'almost toxic' housing market might not give investors the returns they are looking for Hot tech stock Nvidia has even more room to run, says technical analyst Gaming giant Nvidia, after 113% gain, could surge another 23%, BofA analyst says Walmart will see a larger breakout after ‘lost’ years, Oppenheimer analyst says The bull case for Netflix ahead of earnings The UK’s foreign minister wants to build a 22-mile bridge to France Rising hedge fund stars are crushing the market, taking crown away from Einhorn, Ackman New Zealand PM set to be only the second world leader to give birth while in office The bond yield that helps price all sorts of loans just jumped to its highest level since 2014 Berlusconi has been in politics for nearly three decades. This is the secret to his popularity Indonesian leader's third cabinet reshuffle could have elections implications Who are ‘Davos Man’ and ‘Davos Woman’? European stocks seen mixed ahead of earnings, data Bitcoin could be here for 100 years but it's more likely to 'totally collapse,' Nobel laureate says China says sunken Iranian tanker may be leaking bunker fuel South Korean group files complaint against Apple CEO over iPhone slowdown What happens during a US government shutdown Bitcoin is 'something regulators need to deal with but not ban,' says former FDIC chair Cramer Remix: How I decide which retailers are not buyable Cramer's lightning round: Hormel's one of the few food stocks I like Cramer tracks 4 growing market discrepancies: Rates, Trump, cryptocurrencies and stocks Asian markets poised to open with moderate gains despite softer US lead IBM executive says blockchain 'creates a lot of value' for manufacturers, retailers Bitcoin's on a wild ride, but investors have shown it's here to stay, analyst says Cramer: I've never seen a market like this in my life Atlassian beats estimates, but its shares fall anyway Snap laid off two dozen employees and half of them were from its content team Tesla bringing Model 3 to three East Coast showrooms This start-up founder has a novel strategy for getting ahead: Telling the truth Texas Instruments' long-time CEO is stepping down after the stock rallied 57% in the past year Trump says he called and thanked Tim Cook after Apple revealed its US investment plan There's 'no evidence' Tasers reduce police use of firearms, new study shows IBM shares fall despite first growth in 23 quarters Tim Cook tells Cramer: New tax law helped pave the way for Apple’s massive investment plan Uber's Kalanick ignored warnings from execs about buying self-driving truck start-up Otto, says report Washington, DC, and Austin are shaping up as strong contenders for Amazon's new headquarters Legacy airlines are facing new competitors on transatlantic routes Here’s how cities are reacting to being finalists for Amazon HQ2 A high schooler interviewed Apple CEO Tim Cook — and he told her his secret to success Another top Silicon Valley investor slams politically correct tech culture, praises China Steve Wozniak is still on Apple's payroll four decades after co-founding the company Bank of America loses its second head of tech and media banking in less than a year Three of the finalists for Amazon's second headquarters are in or near Washington DC Wrong on GE, market-beating value investor Bill Nygren says he is sticking by tanking blue chip Apple may have just saved the GOP Bitcoin rallies more than 30% to briefly top $12,000 in latest wild swing GE shares drop to 6-year low below $17 With eye on Brexit talks, May offers France money for border security Uber ex-CEO Travis Kalanick will officially be a billionaire Thursday, as deal with SoftBank closes The French government experiments with venture capitalism The World Bank’s “ease of doing business” report faces tricky questions Our Big Mac index shows fundamentals now matter more in currency markets The threat of tough regulation in Asia sends crypto-currencies into a tailspin Innovative materials from bamboo are helping a new industry to sprout A weak market for football rights suggests a lower value for sport Why driverless cars may mean jams tomorrow Chinese tech companies plan to steal American cloud firms’ thunder Masayoshi Son may raise yet more cash to pump into tech The hedge-fund delusion that grips pension-fund managers

Asia

Beijing's new 'landing ship' could be used to help invade Taiwan, Chinese media suggests

Beijing has developed a new “landing ship” that could be used in future wars involving islands, Chinese media reported Thursday.

That news follows a Reuters report last month that a Chinese official threatened the communist nation would invade Taiwan if a U.S. warship visited the self-ruling island. Also, Chinese state media recently have played up coverage of “island encirclement” exercises near the democratic island, including showing a Chinese bomber.

“China is developing Type 071 ships to meet requirements of possible wars involved with islands in the future, which could help it gain advantages in solving disputes on islands as well as questions involved with Taiwan,” Song Zhongping, a Chinese military expert, was quoted as telling the Beijing-controlled Global Times newspaper this week.

The report about the new amphibious warship was republished Thursday on ChinaMilitary Online, the news website of the Chinese People’s Liberation Army.

“It could also deliver the navy and the army to the target island,” Song added. “The expanding number of this type of ships could greatly enhance the PLA Navy’s amphibious warfare capability.”

Reuters also reported last month that the Chinese military had conducted at least 16 rounds of exercises close to Taiwan in roughly the past year.

“I think they are looking realistically to get Taiwan back in the near future,” Denny Roy, an Asia Pacific security expert and senior fellow at the East-West Center in Honolulu told CNBC Thursday. The think tank’s defense expert said Beijing’s strategy may be to effectively “frighten Taiwan into submitting without a fight.”

The Chinese military is believed to have at least four amphibious ships as well as two aircraft carriers, including the domestically-built Liaoning that launched last year. By comparison, the U.S. has 10 carriers in its fleet and around 16 of the largest class of amphibious assault ships.

Late last year, Beijing announced it planned to quadruple the size of its naval fighting force.

“If you’re going to multiply the size of your naval infantry force by four, it follows that you’re going to have a lot more amphibious ships,” said Dean Cheng, a defense expert and senior research fellow at the Heritage Foundation, a Washington-based conservative think tank.

Cheng also told CNBC that Beijing’s naval buildup could put Taiwan at risk.

Beyond those increases, China is also spending more on its air force, including developing advanced fighters. The air force and navy forces could potentially be used to conduct a blockade of Taiwan.

“They keep saying that, ‘we have to be prepared to retake Taiwan,'” said Cheng. “But they’ve never really invested in the naval infantry, over-the-shore capabilities that would be required. Now we’re seeing them do it as almost the last block being put in place.”

At the same time, there have been reports of Chinese military movements near Japan and South Korea in the past month, including five Chinese military planes moving off the coast of South Korea.

Also, a Chinese submarine was reported off Japan this week, according to Japanese reports. One of the locations where the submarine was tracked was near the disputed Senkaku Islands in the East China Sea.

The so-called Type 071 landing ship the Chinese developed is believed to be just under 30,000 tons and could carry helicopters as well as troops from the People’s Liberation Army. Attack helicopters also could be used to as part of an invasion scenario in Taiwan.

According to Roy, Beijing is believed to have the capability today with its existing ships to send about 20,000 troops to Taiwan.

Then again, experts said the amphibious ships also could be use for peaceful purposes by the Chinese, including to evacuate people during disaster response situations. Indeed, the U.S. has used amphibious ships in the past year for hurricane and flooding relief missions.

Source: cnbc china
Beijing's new 'landing ship' could be used to help invade Taiwan, Chinese media suggests

Comments are closed.