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Sector Analysis
China Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
China Defense Market Report Overview The China defense budget is worth $230.3 billion in 2023, and, is anticipated to register a CAGR of more than 6% during 2024-2028. Territorial claims in the South China Sea and the increasing strength and assertiveness of the US have spurred the Chinese government to enhance its military capabilities. The consequent demand for defense equipment will revolve around fighter and multirole aircraft, corvettes, infrastructure construction, submarines, naval vessels, and surveillance equipment. China Defense Market Outlook,...