There is a simple way to explain the shift of naval power in East Asia over the past two decades: The region was handed to Beijing on a platter. Back in the year 2000, China’s defence expenditure in relation to the US outlay was in the ratio of 1:11. By last year, according to the Stockholm International Peace Research Institute, that ratio had changed dramatically to 1:3. China’s defence outlay multiplied six-fold while Japan’s stayed where it was and Taiwan’s increased by just 10 per cent. South Korea, in a contest with North Korea rather than China, did better by
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