CPC warns Australia and US as it prepares to crush Hong Kong

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A new Chinese Defense White Paper today makes poor reading. Via The Australian:

In its national defence white paper, China’s National Defence in the New Era, Beijing cited an increasingly assertive US, the deployment of a missile defence system to South Korea and an outward-looking Japan as among the factors contributing to great power competition in the region.

“In an attempt to circumvent the post-war mechanism, Japan has adjusted its military and security policies and increased input accordingly, thus becoming more outward-looking in its military endeavours,’’ the paper said.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.