ORIGINAL: joey
ORIGINAL: Bullwinkle58
ORIGINAL: joey
Don't forget China's submarine building program. It, too, rivals most of the world's nations. China is truly becoming a world military power.
Regional.
Regional is debatable. From a business and economic standpoint, look at how much trade goes through the Far East. Some estimates are that at least 20% of the world's trade goes through the Malacca Straits and the South China Sea.
So I would argue the "regional" is in reality a world power. Why else would they be spending so much to build islands in the South China Sea et. al.?
Then what you actually meant by "world military power" was "major naval power." Sure, China could use a strong regional naval capability to threaten others because of their ability to control (to some degree) trade in the SCS - essentially extorting their desired outcomes. But that still just makes them a regional military power.
A world
military power can project
hard power throughout the world. Currently, the USN is head, shoulders, torso, and thighs above everybody else in (conventional) power projection capacity right now and for the foreseeable future (which is measured in at least a few decades).
If you include nuclear naval power (SSBNs), then the USN is still head and shoulders above everybody else just from quality of technology alone.