Once reliant on Soviet imports and fragmented production, China has consolidated its capabilities into vertically integrated conglomerates: AVIC in aviation, CASIC in missiles and space, CSSC in shipbuilding and CETC in electronics.
These state-owned enterprises now sustain a PLA Rocket Force with “survivable” ICBMs, a PLA Air Force with fifth-generation fighters and a PLA Navy boasting over 370 hulls, the largest by count worldwide.