According to the CITIC Construction Investment Research Report, China's military industry has evolved from a model that relied on a single domestic demand in the past to a new three-wheel drive development pattern, and the growth momentum is more diverse and sustainable. The pattern of “building a foundation for domestic demand, expanding foreign trade, and civilian backfeeding” is profoundly reshaping the face and borders of China's military industry. The industry is shifting from “cyclical growth” to “comprehensive growth”. The first curve is domestic military demand: Focus on “war preparation” and equipment modernization. Demand comes from steady growth in defense budgets and equipment upgrades. Strong deterrence, high precision, systematization, unmanned, and low cost are the main growth directions. The second curve is military trade going overseas: With its cost-effective advantages, systematic combat capability, and geo-strategic cooperation, China's military trade share continues to increase, becoming an important global supplier, achieving a win-win situation between strategic influence and economic benefits. Third curve: Civilization of military technology: Advanced military technology spills over into the civilian sector, spawning trillion-level new industries such as commercial aerospace, low-altitude economy, future energy, deep-sea technology, and large aircraft, driving the development of new processes, new materials, and new devices, forming a virtuous cycle of “military technology and civilian use to feed back the military”.

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