CHINA-U.S. SHIFT WILL END COLD WAR PEACE DIVIDEND

摘要

China's defense outlays may match those of the United States in 15 years. Meanwhile, America's relative austerity paired with Russian aggression could force European military spending higher. Western makers of aircraft and other weaponry will face new global competition from Chinese companies, though revenue prospects may improve. Governments, meanwhile, may have to choose between just rearming and an all-out arms race.