SIPRI Says China Second Largest Arms Producer Ahead of Russia

A Paper by Stockholm International Peace Research Institute (SIPRI) revealed that China is the second-largest arms producer in the world, behind the United States but ahead of Russia.

The rise of the Chinese arms industry having overtaken its former Communist rival Russia and attempting to play catch up with the United States will denote the depth and volumes in production which are wholly indigenous.

SIPRI has identified information from 2015–17 on the value of arms sales by major Chinese arms companies. The research looks at four companies for which credible financial information is available. The companies cover three sectors of conventional arms production: aerospace, electronics and land systems with combined estimated arms sales totalling $54.1 billion.

SIPRI has identified 20 major Chinese arms manufacturers.......................

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