Regulatory squeeze to kill a third of China’s hedge funds The source says that the piers at Ream and Djibouti both have a 335-meter section could be used to berth an aircraft carrier. Nikkei’s new report says the first signs of the Ream pier construction were reported in July 2022, with China making rapid progress. China’s dredging project represents a significant upgrade as, at the time, the base’s shallow waters only allowed it to host smaller patrol vessels and not substantial warships. Previously, Asia Times reported in January 2022 on China’s dredging projects at Ream Naval Base to enable the docking of larger vessels, with Cambodian officials confirming that China had funded the project and other infrastructure construction at the facility. Cambodian Prime Minister Hun Sen allocated 157 hectares for the project in September 2022, and an additional 30 hectares were earmarked for a naval radar system.Ī Cambodian Defense Ministry official said there would be no Chinese funding, support, or presence in those facilities amid persistent allegations that Ream Naval Base is being secretly developed as China’s surveillance hub for the South China Sea and its first foreign military base in the Indo-Pacific region. In April, Asia Times reported China’s construction of an air defense center and expanded radar system near Ream Naval Base. That report said that satellite images taken by BlackSky, a US commercial imagery company monitoring the construction at Cambodia’s Ream Naval Base, shows a nearly complete pier that closely resembles China’s pier at its only acknowledged overseas base in Djibouti. This month, Nikkei reported that China had made significant progress on building a naval base in Cambodia and was close to completing a pier that could berth an aircraft carrier. China may have built its second overseas military facility, this one in Cambodia, centered on a pier that can host one of its aircraft carriers, enabling power projection and helping to resolve its “Malacca Dilemma.”
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