The U.S.-China Economic and Security Review Commission (USCC) recently released its 2015 annual report to Congress, and it includes an intriguing look at the China's space and counterspace programs.
The 2015 report, released in November and provided to Inside Outer Space by the USCC, provides information on and analysis of developments in the U.S.-China security dynamic, U.S.-China bilateral trade and economic relations, and China's evolving bilateral relationships with other nations.
In an introduction to Section 2, which includes the analysis on China's space program, the report notes that China "has become one of the top space powers in the world" after decades of high prioritization and steady investment.
"China's aspirations are driven by its assessment that space power enables the country's military modernization and would allow it to challenge U.S. information superiority during a conflict," the report states.
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China up, US down.
And they don't have $18.5 trillion in debt to contend with.