Machoman
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BEIJING: China, which enamored the export market worldwide by offering cheap goods, is now using the same formula to expand its arms market. It has already created an arms market in Pakistan and certain African nations.
The standing committee of the National People's Congress, the Chinese parliament, has begun to discuss a new draft law that would enable companies and public utilities manufacturing defense goods to obtain preferential treatment and subsidies from the government.
The move is apparently aimed at reducing the price of goods manufactured by arms makers in China, sources said.
Preferential treatment by government agencies usually act as indirect subsidies that enable a company to cut costs and prices of its products, sources said.
The official media quoted the NPC Law Committee, which said the draft of the new law is ready to put to the vote at the ongoing session of the NPC standing committee. Once approved by the standing committee, it will be presented for approval at the full meeting of the NPC in March.
The draft law said China should "build a national defense mobilization network in line with the needs of national security, economic and social development and emergency response."
"The NPC Standing Committee will [declare] a national or regional mobilization in line with the Constitution and law if state sovereignty, unity, territorial integrity or security is threatened," the draft said.
The draft law sets out the principles and organizational mechanisms for national defense mobilization, personnel and strategic material storage and the prevention and relief of war-related disasters. The offic
The standing committee of the National People's Congress, the Chinese parliament, has begun to discuss a new draft law that would enable companies and public utilities manufacturing defense goods to obtain preferential treatment and subsidies from the government.
The move is apparently aimed at reducing the price of goods manufactured by arms makers in China, sources said.
Preferential treatment by government agencies usually act as indirect subsidies that enable a company to cut costs and prices of its products, sources said.
The official media quoted the NPC Law Committee, which said the draft of the new law is ready to put to the vote at the ongoing session of the NPC standing committee. Once approved by the standing committee, it will be presented for approval at the full meeting of the NPC in March.
The draft law said China should "build a national defense mobilization network in line with the needs of national security, economic and social development and emergency response."
"The NPC Standing Committee will [declare] a national or regional mobilization in line with the Constitution and law if state sovereignty, unity, territorial integrity or security is threatened," the draft said.
The draft law sets out the principles and organizational mechanisms for national defense mobilization, personnel and strategic material storage and the prevention and relief of war-related disasters. The offic
