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Right I should have clarified the difference between the nuclear powered subs and the new defense pact between Britain, the US and Australia which China has declared the start of a new arms race.
But they would say that so point taken.
But my point is China rarely takes these kinds of threats to it's growing dominance without some form of countermeasure or retaliation. So it's intentions may be taken literally when it says this is the start of a new arms race.