Gabriel Honrada
China’s drive to build a modern, high-tech military is increasingly undermined by a widening corruption crisis that is raising doubts about its true strength.
This month, the Stockholm International Peace Research Institute (SIPRI) released a report mentioning that China’s major state-owned defense firms suffered the steepest downturn among the world’s top arms producers in 2024, as corruption scandals rippled through the sector and disrupted procurement.
According to the report, arms revenues of the eight Chinese companies on the list fell 10% to USD 88.3 billion, the sharpest decline of any country, dragging down overall regional performance. SIPRI researchers said six firms saw revenue losses after high-profile graft probes triggered postponements, cancellations and reviews of major military contracts.
No comments:
Post a Comment