Serve the people
Article Abstract:
The People's Liberation Army (PLA) of China is shifting its military-industrial complex towards profit-making goals, thus revealing the extent of companies it controls as the firms reach out to the world business community. One tenth of the officially admitted 10,000 military firms can be found in the southern province of Guangdong. The exact number of firms and their control are uncertain, but the PLA needs to gain income to offset the loss of purchasing power due to inflation.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Arms reduction: the PLA's main weapons dealer goes civilian
Article Abstract:
Poly Group Corp, the arms dealer for the Chinese People's Liberation Army (PLA), is shifting its goals to profit-making in civilian sectors. The move comes as part of the PLA's strategy to make up for declining purchasing power due to inflation. Poly has been renovated into an independent conglomerate corporation with interests in property development, shipping and Hongkong trade. Xie Datong, executive director of Poly, defended its arms sales policies as strictly controlled.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Unguided missile
Article Abstract:
China's defense industry relies mainly on arms-export firms to sell military wares to Third-World countries. With the reduced demand for conventional weaponry, China has began marketing satellite-delivery systems and nuclear technology to its foreign clients, possibly for military applications. International pressure is being brought upon China to regulate its foreign arms sales.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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