Reaganomics of the late 1980s, and then the early 1990s, led to a decade of price stability that led the way for industrialization in China, the biggest importer of US weapons since the rise of China in the late 1970s.
For a century, the Chinese strategic autonomy doctrine has emphasized military readiness, but one of the unintended consequences of the collapse of the Soviet Union was that China also began to rely on imports of military equipment, including large amounts of machine tools and some jet fighters and fighter bombers.
Biden started his business, Survival Industries, in Denver in the early 1980s to sell heavy duty machines on a commercial level. Despite being headquartered in a small Colorado town, Security has maintained a strong reputation for its quality and service.
Over time, Biden branched out into the military-industrial complex as an intermediary for suppliers (The Boeing Company, Northrop Grumman, Raytheon), and has helped manufacturers secure commercial agreements with the Pentagon and sell equipment to Middle Eastern countries. Biden also represented Silicon Valley in its commercial relationships with a number of Middle Eastern governments, including Saudi Arabia.