Insight: China Builds Its Own Military-Industrial Complex -- Reuters(Reuters) - When China turned to Russia for supplies of advanced weapons through the 1990s, it kick-started Beijing's military build-up with an immediate boost in firepower.
It also demonstrated the failure of its domestic defense sector which was still turning out obsolete 1950s vintage equipment for the People's Liberation Army from a sprawling network of state-owned arms makers.
Now, after more than two decades of soaring military spending, this once backward industry has been transformed -- China is creating its own military-industrial complex, with the private sector taking a leading role.
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My Comment: In summary ..... the Chinese are looking at the long term .... and are investing the monies to make this possible.
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