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 as Ukraine and Gaza, according to the Stockholm International Peace Research Institute (SIPRI).…

The post Corruption Crackdown Stalls China’s Military Revenue Growth appeared first on ChinaPulse.com.