China hat während Jahren über seine Verhältnisse gelebt. Das Land hat sich einem kreditfinanzierten Exzess hingegeben und sitzt nun in diversen Industrien auf horrenden Überkapazitäten. Diese Einschätzung stammt nicht von irgendeinem amerikanischen Hedge-Fund-Manager, sondern von Joerg Wuttke, dem einflussreichen Präsidenten der EU Chamber of Commerce in China. «Finanz und Wirtschaft» hat sich am Rand des Stars Symposium in Chengdu mit Wuttke unterhalten.
Russian electronic-warfare powerhouse KRET—Concern Radio-Electronic Technologies—has started testing a powerful new ground-based jamming system that could cut the crucial data-links that enable the United States military to conduct operations around the world. The system is designed to be used in conjunction with advanced Russian-built air defense systems like the S-300V4 and S-400 to disrupt air operations.
According to a company source—who spoke to the Moscow-based TASS news agency— the system consists of multiple separate jamming modules that are capable of attacking a command and control system at extended ranges using complex digital signals. The system is also capable of attacking multiple types of systems simultaneously. “Multichannel stations that ensure simultaneous inhibition of various avionics systems have been created,” the Russian defense industry source told TASS.
On April 25 the prince is scheduled to unveil his “Vision for the Kingdom of Saudi Arabia,” an historic plan encompassing broad economic and social changes. It includes the creation of the world’s largest sovereign wealth fund, which will eventually hold more than $2 trillion in assets—enough to buy all of Apple, Google, Microsoft, and Berkshire Hathaway, the world’s four largest public companies. The prince plans an IPO that could sell off “less than 5 percent” of Saudi Aramco, the national oil producer, which will be turned into the world’s biggest industrial conglomerate. The fund will diversify into nonpetroleum assets, hedging the kingdom’s nearly total dependence on oil for revenue. The tectonic moves “will technically make investments the source of Saudi government revenue, not oil,” the prince says. “So within 20 years, we will be an economy or state that doesn’t depend mainly on oil.”
Prince Mohammed won’t go into details about any planned nonoil investments, but he says the gargantuan sovereign fund will team up with private equity firms to eventually invest half its holdings overseas, excluding the Aramco stake, in assets that will produce a steady stream of dividends unmoored from fossil fuels. He knows that many people aren’t convinced. “This is why I’m sitting with you today,” he says in mid-April. “I want to convince our public of what we are doing, and I want to convince the world.”
Northrop Grumman scored another win this last year after its Tactically Exploited Reconnaissance Node (TERN) concept was tapped for full-scale demonstration. The DARPA and Office of Naval Research-led program seeks to give Navy surface combatants, like destroyers and Littoral Combat Ships, fixed-wing aircraft carrier-like capabilities, albeit on a smaller scale. It’s a move that could change naval warfare, and warfare in general, as we know it.