Also downsizing is the all-powerful PLA. Jiang called for a cut in the 3.1 million-strong armed forces by 500,000 in three years in order to develop a more modern military machine. This is enough to strike fear into the hearts of many other nations, as China is one of only five declared nuclear weapon states, with an arsenal of 8,000 tanks, 5,700 fighters and bombers, 50 submarines, 55 destroyers and frigates, 14 intercontinental ballistic missiles and 60 intermediate range missiles. Analysts note that the money freed for military investment is less likely to be used for an arms build-up than it is for retooling this out-of-date and poorly maintained weaponry, however grand. Analysts add that the 500,000 troops are slated to become the Peoples Armed Police, a paramilitary organisation, and are not entirely out of the picture.