China now world’s third-biggest arms exporter
China has eased ahead of Germany and France to become the third-largest exporter of arms worldwide. A fresh SIPRI study revealed the growing strength of the Asian giant’s domestic weapons industry.
China managed to overtake Germany to become the world’s third-biggest arms exporter, a new study by the Stockholm-based International Peace Research Institute (SIPRI) showed Monday.
Although its roughly 5-percent share of the global arms export market remained small compared to the combined 58 percent coming from the US and Russia, the data highlighted China’s prospering domestic defense industry churning out fourth-generation fighter jets, navy frigates and a wide range of rather cheap and simple weapons used in conflicts around the globe.
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Source News: DW