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

– As China’s military presence grows in the Indo-Pacific region, the U.S., U.K. and Australia last week announced a new security partnership that seeks to strengthen stability in that region. – As part of the deal, the U.S. and U.K. will assist Australia in acquiring nuclear-powered submarines, which will allow Australia’s navy to help counter Chinese nuclear-powered vessels in the region. – “I think that right now, certainly the military balance of power is going to grow more contested,” Ali Wyne, senior analyst at Eurasia Group, told CNBC’s “Squawk Box Asia” on Monday. China has denounced a nuclear submarine deal…