BEIJING:
China has overtaken Germany to become the world’s third-biggest arms exporter, although its 5 percent of the market remains small compared to the combined 58 percent of exports from the U.S. and Russia, a new study says.
China’s share of the global arms market rose 143 percent during the years from 2010-2014, a period during which the total volume of global arms transfers rose by 16 percent over the previous five years, the Stockholm International Peace Research Institute said in a report released Monday.
Its share of the world market was up from 3 percent in the 2009-2014 period, when China was …read more
Source: Pakistan Today
