US EditionCorruption Crackdown Stalls China's Military Revenue Growth
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Corruption Crackdown Stalls China's Military Revenue Growth
Corruption Crackdown Stalls China's Military Revenue Growth China's giant military firms witnessed a significant revenue decline due to widespread corruption purges that disrupted arms contracts and procurement processes, a leading conflict think tank has revealed.This downward trend stands in stark contrast to robust revenue growth observed among major global arms and military-services companies, driven by persistent conflicts in regions such a…
According to a research report released today by the Stockholm International Peace Research Institute (SIPRI), the revenue of China's major defense companies declined last year, mainly due to the ongoing anti-corruption crackdown which significantly slowed down the progress of weapons contracts and procurement.
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