Update March 16, 2015

Dhaka 7-02 am, 29-November, 2020

China becomes world’s no 3 arms exporter

Sumel Sarker

China becomes world’s no 3 arms exporter

China becomes world’s no 3 arms exporter

16 March 2015, Nirapad News: China has eased ahead of Germany and France to become the world’s number three arms exporter after the United States and Russia.

A Stockholm-based think-tank ‘Stockholm International Peace Research Institute (SIPRI)’ said this in its annual report on Monday.

The volume of the multi-billion dollar world arms trade rose 16 percent during the period 2010 to 2014 over the previous five years. The figures show that ‘the United States has taken a firm lead’ with 31 per cent of global exports of conventional weapons, SIPRI said, adding that Russia is second with 27 percent, reports the NDTV.

The next three arms exporters are far behind with about five percent each, and China is only slightly ahead of fourth-ranked Germany and fifth-ranked France.

Three Asian countries accounted for more than two-thirds of Chinese exports, with Pakistan buying 41 percent of the total, followed by Bangladesh and Myanmar. Beijing also had 18 client nations in Africa during the period.

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