Australia will proceed with a $650 million radar upgrade of all its Anzac-class frigates, which is designed to improve their self-defense capabilities and expected to boost the efforts of manufacturer CEA Technologies and partner Northrop Grumman to export the system. CEA’s active, electronically scanned array radars will be fitted on the ships, which entered service between 1996 and 2006, with modest sensor and weapons adjustments.

South Korea is hoping an agreement to liberalize air services with Macau will open an opportunity for its low-cost airlines to indirectly serve the much larger Hong Kong market. Budget carrier Jin Air began flying between Seoul and Macau this month with five weekly services, competing with Air Macau’s daily operation. Macau and South Korea agreed on Nov. 23 to remove restrictions on the frequency of flights between them, the South Korean transport ministry says.

The Chinese call it “daxing tumu”—being keen on large-scale construction. It seems that wherever one looks in this country someone is building a mighty new bridge, office tower, airport, freeway or aircraft hangar, more physical capital for the roaring economy.