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THE PRC’S MILITARY INDUSTRIAL COMPLEX (MIC) IN ECONOMIC CONSTRUCTION
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THE PRC’S MILITARY INDUSTRIAL COMPLEX (MIC) IN ECONOMIC CONSTRUCTION
Annotation
PII
S0321-50750000495-0-1
Publication type
Article
Status
Published
Authors
Pavel Kamennov 
Edition
Issue №6
Pages
2-9
Abstract
The transfer of the Chinese military-industrial complex to the corporate structure at the end of the 20th century, combined with measures to develop modern information technologies and train a new generation of scientists and specialists, aimed at creating in China a powerful research and production capacity that allows improving the quality parameters of national defense and at the same time - the production of high-tech products for the civil sector. The basis of the Chinese military-industrial complex now make up 10 of the state military-industrial corporations [1], open to Chinese and foreign capital, while maintaining a controlling stake in state hands. This structure is a reflection of the current Chinese economy's tendency to create large modern corporate-type enterprises. Military-industrial corporations have a structure that allows to implement the full range of scientific research, development, production and sales of both military and civilian, including high-tech products.The current stage in the military-industrial complex activity is characterized by active mastering of the newest methods of design and development of military and civil engineering with the use of electronic systems, modular principle, standardization. Presently up to MIC's 70% of scientific and production potential are involved into producing civil goods, including high technology products, both for domestic consumption and for export. At the same time due to existing free information exchange between military and civilian sectors MIC's potential is widely used for modernization of traditional branches of the PRC's industry and also for participation in commercial activities.
Keywords
military-industrial corporations, military-civil integration, attraction of private and foreign capital
Date of publication
01.06.2018
Number of purchasers
8
Views
1460
Readers community rating
0.0 (0 votes)
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