IODICALS

FOREIGN POLICY & DEFENSE
Chairman Hua Guofeng has placed "modernization" of the military among Peking's four top goals (together with modernization of agricul- ture, industry, and science and technology). But to procure even a "rudimentary defense capability" Peking would have to invest the im- possibly high sum of $10 billion a year for several years. The Chinese army, Pye writes, still relies primarily on 1950s-era hardware; the air force, equipped with aging S...