re: PLAN Type 052 Class Destroyer
1. You cannot afford to modernize the military without the economic base to pay for it.
2. In 1950 the UK offered far better deals to sell Navy ships to China. But the Korean War put a stop to it.
I think it is wrong to conflate military developments with economic ones. China has developed economically not because of foreign loans or investments (though FDI is certainly a part of it) but because of a regime of export-led growth following the Asian Development State model of Korea, Taiwan, etc. This was made possible by engaging the world market through using China's comparative labour advantage (and monetary sterilization) to achieve trade surpluses that would then be used to invest in infrastructure development.
China has developed militarily so it could better assert its economic interests which are, as a result of marketisation, becoming more and more connected with the rest of the world.
Purely in terms of military development, if there is anyone that China should even conceivably "thank," the Soviets are the only candidate: first for providing engineering know-how, military aid, and technical expertise before the Sino-Soviet Split (1960); secondly for selling off cheap gear to China immediately following the dissolution of the Soviet Union and during the 1990s. However this has nothing to do with the Russians being altruistic, they were not doing China favours for China's sake.
1. You cannot afford to modernize the military without the economic base to pay for it.
2. In 1950 the UK offered far better deals to sell Navy ships to China. But the Korean War put a stop to it.
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