China’s Defence Firms Face 10% Revenue Drop Amid Corruption Purge, Yet Modernisation Push Remains Steady

Recent research from the Stockholm International Peace Research Institute (SIPRI) reveals that revenues for China’s top military firms declined by 10% in 2024. This downturn contrasts sharply with global trends, where the defence industry experienced robust growth driven by ongoing conflicts in Ukraine, Gaza, and escalating regional tensions.The revenue dip among Chinese military companies is
Recent research from the Stockholm International Peace Research Institute (SIPRI) reveals that revenues for China’s top military firms declined by 10% in 2024. This downturn contrasts sharply with global trends, where the defence industry experienced robust growth driven by ongoing conflicts in Ukraine, Gaza, and escalating regional tensions.The revenue dip among Chinese military companies is
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