China’s Aircraft Carrier Envy

A spokesman for the Chinese defense ministry repeated China’s decade-long interest in building or acquiring an aircraft carrier, according to DefenseNews. Of course, the rule of thumb with carriers is that if you have one, you don’t have any, as the recently completed fifteen-month dry dock of France’s only carrier, the Charles de Gaulle, demonstrated. I’m not enough of an economist to know whether the current global economic downturn argues for such a costly project (economic stimulus) or against it. The spokesman’s remarks came at a press conference announcing the participation of three Chinese vessels in the anti-piracy patrols off […]

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