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China’s arms revenue drops amid Xi’s military purge, data shows
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China’s arms revenue drops amid Xi’s military purge, data shows
FORUM Staff Revenue at China’s largest military firms fell in 2024 amid Chinese Communist Party (CCP) General Secretary Xi Jinping’s escalating purge of party and military officials and corruption at state-owned defense firms that slowed arms contracts and procurement, according to the Stockholm International Peace Research Institute (SIPRI). The declines are in sharp contrast with …
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