China Missile Stocks Soar as US Golden Dome Defenses Thrown Into Doubt
Summary
China greatly increased its missile production in 2025, expanding its military power with thousands of advanced missiles. The U.S. is working on a new missile defense system called the "Golden Dome," but officials say it will be very expensive and take many years to build.Key Facts
- China’s missile production rose sharply in 2025, reaching the largest increase since Xi Jinping took power in 2013.
- 81 Chinese companies reported making missile parts, many with record revenues last year.
- China has more than 3,100 ballistic missiles and is rapidly modernizing its military, including nuclear weapons.
- The U.S. is running low on missiles after supplying equipment to allies and is developing the "Golden Dome" defense system.
- The "Golden Dome" aims to intercept fast ballistic and hypersonic missiles before they reach the U.S. mainland.
- The Congressional Budget Office estimates the "Golden Dome" will cost about $1.2 trillion over 20 years, much more than initially planned.
- The system will use satellites and space-based sensors, which will make up most of the cost.
- The U.S. defense budget request for 2025 includes a big increase, partly to fund programs like the "Golden Dome" and new military ships.
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