China's military modernization program, fueled by expenditures estimated to be three times higher than Beijing publicly acknowledges, is shifting the military balance of power away from Taiwan, according to a new Pentagon report on China's armed forces. Continuing investments by China in new fighter aircraft, submarines, and ballistic missiles -- including up to as many as 730 short-range missiles aimed at Taiwan -- could soon give mainland forces the edge in a battle with Taipei. "The cross-Strait military balance appears...
