China’s weapons exports are in decline even as other countries ramp up sales.
Military vehicles carrying YJ anti-ship missiles, manufactured by China Aerospace Science and Industry Corporation, pass the Tiananmen Rostrum during a military parade, Beijing, China. Credit: IC Photo via Depositphotos
China has spent years building itself into a player in the global weapons industry. Those efforts are beginning to stall.
The eight Chinese defense companies tracked by the Stockholm International Peace Research Institute recorded a 10 percent decline in their combined annual revenue in 2024, the most recent year with data available. Arms exporting companies in the rest of the world meanwhile saw their sales increase as wars continued to rage in Ukraine, Gaza and elsewhere, with total globa
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Jeffrey Epstein aspired to do deals in China, corresponding with Peter Mandelson and David Stern, a German associate who was close to Andrew Mountbatten-Windsor. The Wire China reviews email trails from the Epstein files.
In an adaptation of her forthcoming book, The New Tech Titans of China, Rebecca Fannin profiles Shanghai-based Qiming Venture Partners and its American founder, Gary Rieschel.
Now on podcast platforms everywhere, The Wire China hits the airwaves to take you behind the scenes of the stories we cover each week. We are dedicated to understanding and explaining one of the biggest stories of our time: China’s economic rise and its influence on the world.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
