China-business investigative
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The Wire China · United States · NORINCO arms revenue drops 31% as China's weapons exports stall
Documents NORINCO's 31% arms-revenue fall (from ~$20.3bn to ~$14.0bn) and ties China's export stall to anti-corruption purges, contract reviews and Beijing's preference to project a 'peace-promoting' image.
“NORINCO's arms revenue fell more than any peer — down 31% — as probes froze contracts.”