00:00 It's Benzinga and here's what's on the block.
00:02 U.S. intelligence sources told Bloomberg that corruption in China's military, especially
00:07 the rocket force, was so severe that it led Xi Jinping to purge over a dozen senior PLA
00:13 commanders.
00:14 Examples of corruption cited included missiles that had been filled with water instead of
00:18 fuel and missile silos fitted with lids that prevented effective launching.
00:24 The problems undermined Xi's goal of modernizing the military and confidence in rocket forces'
00:28 capabilities, which oversees China's nuclear weapons, and has been a focus on Xi's efforts,
00:34 especially regarding Taiwan.
00:36 The PLA has emphasized fighting graft in recent statements, citing a battle against corruption.
00:41 For all things money, visit Benzinga.com.
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