Monday, February 22, 2016

China nearly doubled its weapon sales in the past 5 years

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A surge in weapons production has helped China become the world's third largest arms dealer after the United States and Russia, according to a new report by the Stockholm International Peace Research Institute (SIPRI) published Monday.

China nearly doubled its arms exports between 2011 and 2015; it jumped by 88% compared to the period between 2006 and 2010, the report shows. In doing so, China overtook Germany, France and the United Kingdom in exporting weapons; the country now accounts for about 6% of the world's exports of arms.

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