Posts tagged ‘Taiwan Strait’

10/03/2013

* China to buy super quiet Russian submarines to counter US aircraft carrier

China Daily Mail: “According to Russian Foreign TV News Net’s report on March 5, Japan’s Mainichi Shimbun believed the Taiwan military’s allegation that Mainland China has entered into a contract with Russia on the purchase of Amur-class (the export version of Lada-class) diesel-electric submarines.

Kilo Class Submarine

It is a part of China’s plan to achieve modernisation of its troops and build up a marine superpower and aims at countering US aircraft carriers and preventing them from interfering with Taiwan affairs.

Japan’s Mainichi Shimbun pointed out: the Russian Lada-class submarine is an upgraded version of the Kilo-class ones, which are well-known for their extremely low noise. China will import four export-version Lada-class submarines, of which two will be build in Russia while the other two, in China. It is expected that a submarine supply agreement that really meets the requirements will not be concluded for two to three years.

Having been certain that China-made Type 041 Yuan-class submarines generate too loud a noise, China has decided to order Russia’s new-type submarines. It is said that in 2004, China successfully developed its Yuan-class submarines on the basis of imported technology of Kilo-class submarine and has vigorously used such submarines in its military drills over the past 5 years. However, due to relatively loud noise, the submarines have been discovered and recorded by US military’s SONAR and radar system.

The Japanese media believed: China is drafting a strategy to protect the nation and prevent enemy invasion across the first island chain, including the Japanese Archipelago, Taiwan and the Philippines. For that purpose, China plans to use guided missiles and submarines. In case of potential emergence of conflict in the Taiwan Strait, under specific circumstances, China could prevent the US from interfering with China’s internal affairs.

Taiwan’s military is worried that China’s import of new-type submarines from Russia will bring more trouble to US aircraft carriers in the Taiwan Strait area. China already has 60 submarines. In addition to the Kilo-class submarines imported from Russia from 1994 to 2002, China has its first batch of China-made Song-class submarines developed by China on its own. Most of the Kilo-class submarines and similar submarines developed by China on its own are deployed in the East China Sea Navy’s base in Ningbo City, Zhejiang Province. It is expected that the Amur-class submarines imported from Russia will also be deployed there.”

Sources: mil.huanqiu.com “China is said to buy super quiet upgraded version of Kilo-class submarines to counter US aircraft carriers” (translated by Chan Kai Yee)

via China to buy super quiet Russian submarines to counter US aircraft carrier | China Daily Mail.

30/12/2012

* Taiwan’s Fubon says to buy China bank stake for $1 billion

Another reason why China and Taiwan will try their utmost not to go to war.

Reuters: “Fubon Financial (2881.TW), one of the most aggressive Taiwanese financial firms expanding into the Chinese market, said on Thursday it will buy an 80 percent stake in China’s Firstsino Bank for 6.45 billion yuan ($1.03 billion).

Map of the Taiwan Strait

Map of the Taiwan Strait (Photo credit: Wikipedia)

The acquisition would be another sign that banking links across the Taiwan Straits are strengthening. Taiwan’s financial companies are keen to tap the huge mainland market as trade ties between the former political foes boom, helping them move beyond a saturated domestic market.

“It will help us build a complete platform in Greater China, paving the way to enter the fast-growing areas in China,” Fubon said in a statement, adding that the purchase is subject to regulatory approvals from both sides.”

via Taiwan’s Fubon says to buy China bank stake for $1 billion | Reuters.

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