For the China's People's Liberation Army (PLA), 2024 was a tumultuous year marked by the arrest of numerous senior military officials as part of a comprehensive anti-corruption drive. The Central Commission on Discipline Inspection (CCDI), under President Xi Jinping's guidance, extended its crackdown beyond the upper echelons of the PLA's uniformed branches to include members of even China's Central Military Commission (CMC), the highest military command organisation in the country. In November, Xi's long-term loyalist and CMC member Admiral Miao Hua's arrest sent shockwaves through the entire PLA leadership.
Despite this upheaval in its hierarchy, the PLA significantly expanded its arsenal this year, adding a vast amount of military equipment and advanced weapon platforms to its inventory. This paradox of pervasive corruption alongside enhanced military capability has fuelled debate among experts that the PLA is both corrupt and capable. The US Department of Defense's 2024 China Military Report further buttressed this view by highlighting China's advancements in nuclear, missile, and air-power capabilities. However, entrenched corruption, endemic organisational chaos, and limited expertise in operating hi-tech equipment continue to undermine confidence in the PLA's combat capability. For Xi, these issues remain a source of concern shaping his cautious approach to making decisions in China's immediate neighbourhood.
This story is from the December 27, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 27, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Govt to purchase soyabean at MSP
MANDI PRICES FOR soyabean, a key kharif oilseed crop, remain below the minimum support price (MSP) due to a robust harvest, even as government agencies have procured about one million tonnes of the oilseed under the price support scheme (PSS) in six key growing states since October.
From boom to bust
BYJU RAVEENDRAN, CO-FOUNDER & CEO, BYJU'S
Households spend slightly more on food items in 2023-24
● Urban-rural gap declines marginally
Jewellery units lose sheen as demand slumps
Being at once import-intensive and export-oriented, the gems and jewellery industry can withstand the current fall of the rupee, but will have serious concerns about the continued sluggishness in demand from key export markets.
UltraTech to buy 8.7% stake in Star Cement for ₹851 crore
ULTRATECH CEMENT, the country's largest cement maker, on Friday said it will acquire a minority stake of 8.69% from the promoters of Meghalaya-based Star Cement in a deal worth up to ₹851 crore.
China Clears World's Largest Dam in Tibet Near India Border
CHINA HAS APPROVED construction of the world's largest dam, stated to be the biggest infra project costing $137 billion, on the Brahmaputra river in Tibet close to the Indian border, raising concerns in riparian states India and Bangladesh.
Demerit act by Kohli on Konstas' striking debut
Indian fined 20% fee for shoulder barge with teenager
The 'global' price factor
Long years of inward-looking policies by govts to blame
In a first, EatSure launches multi-restaurant ordering
EatSure, the D2C platform of online restaurant company Rebel Foods, on Thursday announced the launch of a new feature allowing users to order from multiple restaurants in one order.
World Looks At India For Youth Power: PM On Veer Bal Diwas
HIGHLIGHTING HOW YOUTH energy has played a significant role in the country's progress, Prime Minister Narendra Modi said on Thursday that the world looks at India with hope and expectation because of its youth power, which is driving new revolutions.