Click on the title for an article that echoes what I have been saying about China, for years. After acquiring Hong Kong, the Chinese government has benefitted greatly from an increased cash flow. This money is being spent on military research and development, as well as production.
After the fall of the USSR, the most likely nation to fill the power vacuum was and still is China. I can remember people discounting this theory of mine, ten years ago. But here we are, just the same.
Give this a read and see what you think.