SCMP: China second to U.S. in global arms market with three firms in top 10 manufacturers
Wed December, 2020, Age: 3 years
Three Chinese arms companies have been ranked among the world’s top 10 for weapons sales in 2019 in a Stockholm security think tank SIPRI’s annual list of the largest arms manufacturers. The United States was the leading nation in terms of both arms spending and sales of weapons, with China in second place in both respects. This was the first time SIPRI had included Chinese companies in its annual ranking, having previously cited a lack of reliable data.
Data from SIPRI’s arms transfer database showed that aircraft, ships, missiles, armoured vehicles and air defence systems were the four Chinese firms’ top revenue generators in 2018 and 2019, totalling nearly US$2.5 billion, with the top three buyers of Chinese weapons being Pakistan, Bangladesh and Thailand.