Wednesday 18 July 2012, Amsterdam
Despite structural reforms, the Chinese defense industry remains under state control and contains very little competition. Barring a few industrial enterprises, the majority of organizations fail to compete with each other, which impedes the development of China’s modern indigenous defense industry as there is no incentive for companies to innovate.
Following the 1989 Tiananmen Square massacre, an arms embargo was imposed by the US and other European countries. During the review period, some European states have proposed lifting the arms ban, but the US and Japan have opposed this proposal due to fears that it will enable China to enhance its military capabilities. As a result, China’s defense industry is unable to acquire sophisticated military hardware from the US or Western European countries.
Publish date : March 2013
Report code : ASDR-6508
Pages : 123
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