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Japan-China relations deteriorate
For the first time, Japan has identified China as an unprecedented “strategic challenge”, leading it to announce three new defense strategies that will guide Japan’s defense posture for the next 5 to 10 years. In response, Japan will increase its 2023-2027 defense budget to $315 billion, nearly 1.6 times that for 2019- 2023, and equal to the defense budget of Russia.
Risk to civilian ships and aircraft in the South China Sea
In recent years, China has militarized several disputed islands in the South China Sea. As an essential artery for world trade, it poses an economic and political security threat to the world. Increasing skirmishes between China, the US, Australia, and other countries, is also increasing the risk of incidents involving civilian shipping and aircraft.
The rise of Chinese state-sponsored cyber-attacks feeds growing US national security concerns
The global cyber security landscape has seen increasing threats over the last few years. The COVID pandemic, Russia’s invasion of Ukraine, and heightened US-China tensions over Taiwan have all provided fertile ground for cyberattacks against businesses and individuals.