China Reports $7 Billion in Military Exports
China provided a rare glimpse into its secretive military industrial complex, announcing in a published report that its military factories exported $7 billion worth of goods last year. The report, in the China Daily newspaper, also noted that about 1,200 Chinese military firms have absorbed $4.5 billion in foreign investment from Western companies, such as Boeing and Mercedes-Benz, since China opened to the outside world the late 1970s. Most of their production is now geared for the civilian market. The report came a day before China’s army was scheduled to host a visit of Defense Secretary William S. Cohen to a secret, underground air defense command and control center outside Beijing.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.