New market study, "China Defence & Security Report 2016", has been published

China's defence industry and military are currently undergoing substantial changes on the back of President Xi Jingping's sweeping reform and modernisation agenda. The promotion of greater civil-military integration will spur military industrial innovation and expand the technological capabilities of the domestic defence sector ; however, we note that this process will be slow, and that the country will continue to look to import more technologically advanced equipment throughout our forecast period. Owing to rising regional tensions emanating from the South and East China s ea s disputes, we expect defence expenditure levels to remain high on a global comparison in 2016 and beyond - with spending being directed mainly to wards the country ' s cyberwarfare, naval and air forces - despite an overall slowdown in the country ' s economic growth. In 2016, we expect defence spending to stand at 1.9% of GDP , reaching USD216.4 bn (CNY1.44trn) .

Full Report Details at
- http://www.fastmr.com/prod/1119110_china_defence_security_report.aspx?afid=301

Latest Updates

Structural reforms to China's Central Military Commission (CMC) were announced on January 11 2016 that will see the disbandment of the CMC's four previous 'General Departments' and their replacement with 15 new 'Functional Department's. The move is aimed at consolidating the CMC's authority and centralising the structure of the People's Liberation Army (PLA).

On December 31 2015, China's Ministry for National Defense confirmed that the country is constructing its second aircraft carrier. The carrier will be the first domestically designed and developed vessel, and will be a 50,000 tonne, conventionally-powered build.

Over December 2015 and early January 2016, the country commissioned six new naval vessels and the launch of two more into the PLA Navy.

In mid-December 2015, Uruguay's Defense Senate Committee met with delegates from the China Shipbuilding & Offshore International Company to discuss an updated offer for the latter to provide three offshore patrol vessels to the Uruguayan navy.

In November 2015, Beijing and Phnom Penh agreed to expand military ties through the assistance and transfer of Chinese defence platforms and technologies to Cambodia.

Also in November, China agreed to buy 24 Russian-made Sukhoi Su-35 combat aircraft.

On October 28 2015, the PLA Navy exercised snap air and naval drills in the South China Sea in alleged retaliation of a US Navy freedom of navigation operation near the Spratly Islands the day before.

In September 2015, China's State Administration for Science, Technology and Industry for National Defense eased licensing regulations on numerous military components.

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