China's national defense industry raked in a PROFIT of more than 20 billion yuan ($2.6 billion) in 2006, up 50% from a year ago.

China is producing more new weapons –

1. Jian-10 jet figher,

2. Xiaolong fighters,

3. Advanced Lieying- and Shanying-series trainer aircraft,

and

4. Multi-model advanced missile systems.

Output of 'defense' products was up 17% and revenue was up 25% over 2005.

So, is China in the business of defending itself, or is its defense industry in business?

What do you think?

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