yes, Cosco and Norinco (the second largest "Peoples Army" subsidiary) manufacture nearly everything in china. they run the whole country through a network of subsidiaries, and shell companies.
anything bought from china is actually bought from The People's Army and the chinese Politburo.
"China Ocean Shipping Company (COSCO), the PRC's state-owned shipping company, operates under the direction of the Ministry of Foreign Trade and Economic Cooperation and answers to the PRC State Council. China Ocean Shipping Company [COSCO] owns and operates more than 100 general cargo and specialized carriers on the basis of liner and tramp services, including state-of-the-art heavylifts, semi-submersible, ro-ro, multi-purpose, car carriers with their overall capacity ranking ahead in the world. Cosco was deemed by the U.S. House of Representatives Task Force on Terrorism and Unconventional Warfare to be a military-related entity. According to the Task Force report,
“Although presented as a commercial entity, Cosco is actually an arm of the Chinese Military."
~
http://www.globalsecurity.org/military/world/china/stuft.htm
The Chinese Military-Commercial Complex
By Dr. Gary K. Busch 3/12/08
Dec 3, 2008 - 2:19:20 PM
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There seems to be a great misunderstanding of the nature of Chinese capitalism; the great engine of modernisation which is hailed as leading to the restructuring of the Chinese State and towards its eventual democratisation. The misunderstanding arises because there is only a dim perception in the international community that the large bulk of these Chinese companies are owned and operated by the Chinese military. They are corporations created in a similar structure to what might be called ‘zaibatsu’ in Japan or ‘chaebol’ in Korea. These ‘zaibatsu’ were large centrally-controlled vertical monopolies consisting of a holding company on top with a wholly-owned banking subsidiary providing finance, and several industrial and trading subsidiaries dominating specific sectors of a market, either solely, or through a number of sub-subsidiary companies. These are now international in scale. The influence of the Chinese military in the economic affairs of China has been extensive for the last three thousand years. They have always dominated the agricultural sector and, after the death of Mao Tse Tung, they have been the dominant force in Chinese industry and politics.
http://www.ocnus.net/artman2/publish/Editorial_10/The_Chinese_Military-Commercial_Complex.shtml