Beijing is acquiring weapons five times faster than the US and at a far lower cost, a Pentagon official has warned China is building its arsenal of new weapons five to six times faster than the US and at a small fraction of the cost, gaining a strategic advantage that Washington can’t afford to leave unchecked, a top Pentagon official has lamented. “In purchasing power parity, they spend about $1 to our $20 to get to the same capability,” US Air Force Major General Cameron Holt said at an industry conference in San Diego. “We are going to lose if we can’t figure out how to drop the cost and increase the speed in o
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