Stormweaver
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I don't think China is relying exclusively on missiles to fight its wars though missiles obviously have their advantages. One Ticonderoga-class cruiser is worth more than $1 billion and probably as much as $3 billion each while one Chinese missile is probably worth only $1 million each. So it is cost effective to trade 1,000 missiles for one Tigonderoga. Even if 1 DF-21D cost $10 million, it is still cost effective to trade 100 DF-21D for 1 Ticonderoga cruiser. But I think even with just 5 DF-21D it is enough to incapacitate or even sink 1 Ticonderoga cruiser. There are some 20 to 25 Ticonderoga-class cruisers in service now. So if China deployed 200 DF-21D they'll be many more than enough to sink all Ticonderoga-class cruisers.
In the future I'm sure China will be deploying many stealth fighter/bombers such as the J-20 that could fly close in and fire off a barrage of anti-ship missiles that could easily incapacitate all Ticonderoga-class cruisers. And building more tanker planes is a certain thing for China to do. Once American ships can be stopped, American attack is basically stopped. American carriers cannot approach Chinese coasts. American cruisers cannot approach Chinese coasts to land troops. All shipping will be stopped by Chinese missiles or submarines. This means China can defend itself against Ameirican attack on the sea. And America cannot help Asian countries suc as Philippines or Vietnam.
Beyond another 10 years, and providing Chinese economy and technologies continue to surge ahead, China can not only develop more advanced weapons it can also deploy more weapons than the US. For example, if Chinese GDP is more than 80 trillion yuan then at 3 yuan per dollar this would be some $27 trillion and 50% bigger than the US GDP. This means that China can deploy 450 J-20 for each 300 F-22 or F-35. Or China can deploy 30 Aegis class cruiser for each 20 deployed by America. Or China can deploy 15 aircraft carriers for each 10 deployed by America. In which case China can not only defend itself against an American attack it can also take the war to anywhere in the world. Its current reliance on missiles is just an interim solution. It also fits with China's protrayal of itself as a defensive military. After all, other than ICBM China's missiles are all short range and cannot be used as offensive weapons.
The DF21 is a ballistic missile. Until it has a proven antiship role, as speculated, it is just another missile that can only hit static targets.
You would have to first locate the Cruiser and currently no one does maneuver warfare better than the US Navy. Not to mention their unsurpassed electronic warfare capability.
The Americans have been operating stealth platforms since the 1966, they will have new stealth platforms by the time there are sufficient J20s to counter the Raptor threat. Also note that the F22 is a mature aircraft and its crews have had lot longer to devise tactics and gain experience.
Finally, the Chinese economy is largely dependent on the US economy. The Soviets had no such relationship. The US spends around $700 billion on defence and its allies, hundreds of -billions- more. Can China really match that in the next 10 years?