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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    Opinion | 15th five-year plan charts a course for China’s modernisation

    Opinion | 15th five-year plan charts a course for China’s modernisation

    The most important outcome of the Communist Party of China’s fourth plenum, held last month in Beijing, was the review and adoption of the “Recommendations of the CPC Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development”. Leading the drafting team in person, Communist Party General Secretary and Chinese President…

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    Top PLA heads have rolled but China’s hunt for corrupt military officials may be here to stay

    Top PLA heads have rolled but China’s hunt for corrupt military officials may be here to stay

    Even for the anti-graft era of President Xi Jinping, the wave of investigations into alleged corruption in the Chinese military over the past three years has been exceptional. They are accused of having “violated party discipline and allegedly committed serious crimes related to their duties” – both euphemisms for corruption. “The amounts involved are particularly…

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