Tag: Arms Trade

China is World’s Fifth Largest Arms Exporter Today

China is World’s Fifth Largest Arms Exporter Today

Business, World
By *Abdus Sattar Ghazali China has become the world’s fifth-largest arms exporter, according to the Stockholm International Peace Research Institute (SIPRI). China replaces Britain in the top five arms-dealing countries between 2008 and 2012, a group dominated by the United States and Russia, which accounted for 30 percent and 26 percent of weapons exports, SIPRI said Monday, March 13. Germany and France ranked third and fourth on the arms exporter list. “China is establishing itself as a significant arms supplier to a growing number of important recipient states,” Paul Holtom, director of the SIPRI Arms Transfers Program, said in a statement. Commenting on the SIPRI report, Chinese Foreign Ministry spokesman Hong Lei said China was a responsible arms exporter which strictly adhered t