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Maintaining my forecast but making a note here to take into account in future analysis that China’s trade imbalances are not receding, but expanding, and in a very though environment. One potential outcome of this is China expanding its army and navy assets by “gifts”, such as the recent Cambodian vessels https://apnews.com/article/china-cambodia-ream-warships-navy-port-e21dbae6bd1b9943f7bec8bbaa040da9

This may pose a resolution dilemma, as these could potentially be PLA assets in all but name. 

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