Driven by ambitions to make China a great power, President Xi Jinping is staking his political authority on a huge task: overhauling the Chinese military, which is still largely organized as it was when a million peasant soldiers mustered under Mao Zedong.
Mr. Xi wants a military that can project power across the Pacific and face regional rivals like Japan in defense of Chinese interests. To get it, he means to strengthen China’s naval and air forces, which have been subordinate to the People’s Liberation Army’s land forces, and to get the military branches to work in close coordination, the way advanced Western militaries do.
China’s military budget has grown to be the second-largest in the world, behind that of the United States, and the country has acquired sophisticated weapons systems. But Mr. Xi has told his commanders that is not enough.
“There cannot be modernization of national defense and the military without modernization of the military’s forms of organization,” Mr. Xi told a committee of party leaders studying military reform at its first meeting in March, Xinhua, the official Chinese news agency, reported. “There has to be thoroughgoing reform of leadership and command systems, force structure and policy institutions,” he was quoted as saying.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.