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America both helps and hinders China’s military-industrial complex

Domestic demand for weapons is up. But American sanctions may hobble Chinese armsmakers’ tech ambitionsJIANGHANG AIRCRAFT EQUIPMENT has struggled to tantalise investors with the fuel systems and detachable petrol tanks it builds for Chinese warplanes. The company, controlled by Aviation Industry Corporation of China (AVIC), the country’s biggest aerospace-and-defence conglomerate, had witnessed its share price…

The big-pharma firm that saw the future

ROCHE IS A strange entity. The Swiss giant is the world’s second-biggest drugmaker and one of big pharma’s most profitable firms. But its largest shareholding group, mostly descended from Fritz Hoffmann-La Roche, who founded the company in 1896, is led by André Hoffmann, a nature lover and sustainability advocate who believes that the purpose of…