China could accelerate military efforts in response to U.S.-Australia submarine deal, analyst says Stocks News Feed


Source: stocksnewsfeed.com stocksnewsfeed.com

Key Topics in this News Article:

News Snapshot:

China has denounced a nuclear submarine deal among the U.S., the U.K. and Australia — and tensions in the Indo-Pacific region will likely continue to rise, said an analyst at consultancy firm Eurasia Group. “Given the geography of the region and given the security stakes in the region, one would hope that prudence would prevail,” says Ali Wyne, senior analyst at Eurasia Group. “I think that right now, certainly the military balance of power is going to grow more contested,” he told CNBC ’s “Squawk Box Asia” on Monday. The U.S., U.K. and Australia last week announced a new security...