The Pentagon has released its latest report on the status of the Chinese military, the Washington Post reports today. Its findings:

China's military buildup is increasingly aimed at projecting power far beyond its shores into the western Pacific to be able to interdict U.S. aircraft carriers and other nations' military forces, according to a Pentagon report released yesterday that outlines continued concerns over China's rising strategic influence in Asia....

The People's Liberation Army "is engaged in a sustained effort to interdict, at long ranges, aircraft carrier and expeditionary strike groups that might deploy to the western Pacific," the report said. Long-term trends in China's development of nuclear and conventional weapons "have the potential to pose credible threats to modern militaries operating in the region," it said....

The report details how the Chinese military is investing in cruise missiles, precision weapons and guidance systems that could target ships, submarines, aircraft and airbases as far away as the "second island chain" including the Mariana Islands and Guam. As part of this strategy, China is buying Russian aircraft, such as the IL-76 transport and IL-78 tanker aircraft, and has shown interest in the Su-33 maritime strike aircraft. China is in the early stages of "developing power projection for other contingencies other than Taiwan," said Peter W. Rodman, assistant secretary of defense for international security affairs.

On Taiwan, the report said China had deployed about 100 more short-range ballistic missiles to garrisons opposite the island, increasing the total from 650 to 730 last year to between 710 and 790 now. "The balance between Beijing and Taiwan is heading in the wrong direction," Rodman said, adding that "maybe our job is to be the equalizer if a contingency arises."

Beijing's military build-up is also driving closer relations between the U.S. and India -- a burgeoning relationship designed, in part, to thwart what Heritage Foundation scholars John J. Tkacik Jr. and Dana Dillon discuss in a recent issue of Policy Review.