China unveils new military kit and demonstrates technological prowess
Last month’s Zhuhai Airshow, held in the southern Chinese city, offered the People’s Liberation Army (PLA) and China’s vast military-industrial complex an opportunity to show off their latest defence technologies.
The latest data from the Stockholm International Peace Research Institute (SIPRI) listed nine Chinese defence companies among the world’s top 100. In 2023, their combined arms revenue reached US$103 billion, equating to 16% of the top 100 companies’ revenue, placing China second only to the US.
A total of five of the nine Chinese companies registered, however, saw decreases in arms revenue amid China’s economic slowdown. Combined, the nine companies
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