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Growing Muscle: China's Neighbors Gear Up For A Fight -- Defense News
TAIPEI — The Asia-Pacific naval market is heating up, with massive quantities of new ships to boost regional navies in coming years.
According to AMI International, a US-based naval analysis firm, Asia-Pacific has already surpassed Europe as the world’s second largest naval market. AMI projects the region will spend $200 billion on new ships and submarines by 2032, making up roughly 25 percent of the global projected new ship market.
At least 100 new submarines will join regional navies during that time, making up 40 percent of global new-build vessels.
About 1,000 new warships, at least 30 meters long, also will be constructed.
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My Comment: The above info-graphic was done two years ago .... orders for far more naval vessels have been made since then. Bottom line .... with maritime border disputes now being the norm and not the exception .... expect this naval arms race to escalate.
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