Escalating global conflicts could create opportunities for China’s private defence companies as customers, both at home and abroad, seek affordable and reliable military equipment, according to industry insiders.
“These developments have created a broad stage and ample space for private firms to contribute to the military sector,” he said at a forum during the exhibition.
While China’s major state-owned defence conglomerates continue to dominate weapons development, private companies have increasingly entered the sector in recent years under the country’s military-civil fusion strategy, which seeks to deepen integration between civilian and defence industries.
The strategy is a core pillar of China’s ambition to build a modern military by 2035 and a “world-class” force by 2049.
