China's Military Firms Revenue Drop Amid Corruption Investigations

Chinas military companies face significant revenue drop due to corruption investigations, contrasting with global increase in military firms revenue. SIPRI reports postponement or cancellation of major contracts due to corruption allegations, creating uncertainty about Chinas military modernization efforts. Despite this, experts predict sustained investment and political commitment to defense budgets and modernization in the long term. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.