... unacceptable retaliatory strike in the event of an attack. However, with the intensification of geopolitical competition, Beijing is investing in expanding and modernizing its forces. Today, China possesses a nuclear triad: A powerful arsenal of ground-based ... ... year by some analysts indicates that the risk is non-zero. An unexpected crisis could trigger panic selling on exchanges and capital fleeing to protective instruments. Defense Industry: The modernization of nuclear forces and a new arms race mean increased ...