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Saturday, September 28, 2019

Arms trade

China, the world’s second largest defense spender, becomes a major arms exporter

RT: Chinese military drills People's Liberation Army 140722Beijing has not only become a major defense spender, but increasingly analysts say China is also turning into a top arms exporter.
Over the past five years, China was one of the largest exporters along with the United States, Russia, France and Germany and China, according to data from the Stockholm International Peace Research Institute (SIPRI) published in March. Those nations accounted for three-quarters of the total volume of arms exported, the data showed.
China has exported 16.2 billion units of ammunition — mostly to countries in Asia, the Middle East and Africa — over the past 12 years, according to SIPRI data.
Beijing is set to commemorate the 70th anniversary of Communist China on Oct. 1. The country did not open up its economy until 40 years ago and since then quickly became the world’s second largest.

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