According to the Financial Times website on July 10th, China's army is increasingly recruiting smaller private sector start-ups to build the next generation of high-tech weapons.
Military procurement was once exclusively owned by China's state-owned enterprise groups, but the lucrative sector is opening to more nimble, cheaper and more innovative private sector start-ups. Reported that China decided this year to set up the Central Military and Minute Development Committee, the results of this strategy last week in Beijing held at the military and civilian integration technology and equipment exhibition. From unmanned armed patrol boats to virtual reality goggles, many of Private Companies's military equipment was unveiled at the show.
Private enterprises and start-ups are also widely believed to be better at certain types of innovations, providing cutting-edge technology in areas such as face recognition and batteries, the report said. One of the representatives of the aerospace division Shenzhen (Group) Co., Ltd., one of the participating state-owned enterprises, said the reason for allowing private sector competition was simple: "This is what everyone is doing now, especially the US. That's why we also must do that. " That, he says, has even pushed state-owned enterprises to implement cost cutting reforms to compete with private sector counterparts.
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