China’s military firms struggle as corruption purge bites

    China’s military firms struggle as corruption purge bites

    Revenues of China’s top military firms fell 10% last year. (EPA Images pic) HONG KONG: Revenues at China’s giant military firms fell last year as corruption purges slowed arms contracts and procurement, according to a study released today by a leading conflict think tank. The Chinese declines contrast with strong revenue growth globally for big…

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    China launches ChinaSat-9C geostationary communications satellite

    China launches ChinaSat-9C geostationary communications satellite

    HELSINKI — China launched the ChinaSat-9C communications satellite Friday to replace an aging, foreign-built predecessor and boost domestic broadcasting capabilities. A Long March 3B lifted off at 8:37 a.m. Eastern (1237 UTC) June 20 from Xichang Satellite Launch Center in southwest China.  The China Aerospace Science and Technology Corporation (CASC) announced launch success under an…

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