Taiwan's navy plans to buy eight new submarines to face off against China's much larger submarine fleet, according to reports from the island nation.

Beware, the PLA is coming. On Wednesday, the Pentagon released its annual report on Chinese military operations. It is full of mealy-mouthed wording to try to put the best possible spin on the rapid rise of the People's Republic, but one scary conclusion is unavoidable: China is becoming an increasingly serious threat to U.S. national security. The day may come soon when U.S. military preeminence takes a back seat to the People's Liberation Army. The balance of power is already shifting in Asia.