CRISISBOOM

nextbigfuture

Jeff Head has collected loads of pictures of the reconstruction of the Varyag. This shot is of a Varyag from last month as it is getting outfitted and ready to set sail.

There is a lengthy but interesting analysis of China’s growing naval power at military aerospace.com.

Seaborne commerce is an essential part of Chinese trade. According to recent Chinese statistics published in the 2010 China’s Ocean Development Report, ocean commerce in 2008 alone represented 9.87 percent of China’s gross domestic product, with a valuation of nearly 3 trillion RMB (approximately $456 billion). Moreover, some 85 percent of its international trade moves by the sea lanes.

China became the world’s largest shipbuilder in 2010, eclipsing long-time leader Read more…