China’s Defence Firms See Drop In Revenues Amid Global Surge | Xi’s Corruption Purge Backfiring?

Описание: China’s defence industry is facing an unexpected slowdown as President Xi Jinping’s sweeping anti-corruption purge disrupts procurement, delays major military contracts, and shakes confidence within the People’s Liberation Army. A new SIPRI report shows Chinese arms firms suffered a sharp 10% revenue decline, a stark contrast to global defence companies, which saw record growth amid rising geopolitical tensions. The purge has already taken down top generals, including He Weidong, signalling deep-rooted instability inside China’s military establishment. Experts warn that Beijing’s internal crackdown is now undermining its long-term military modernisation, even as strategic pressures grow over Taiwan, the South China Sea, and its rivalry with the United States.

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