China's weapons exports grew 162 per cent between 2008-2012, according to the Stockholm International Peace Research Institute. (Credit: Reuters)
Report: China Replaces U.K. in Top 5 Arms Exporters -- Defense News/AFP
BEIJING — China has overtaken Britain to become the world’s fifth largest arms exporter with five percent of the global trade, its highest position since the Cold War, a Swedish think tank said Monday.
It is the first time Britain has not figured in the top five weapons suppliers since 1950, the Stockholm International Peace Research Institute(SIPRI) said in a report. China’s arms exports in 2008-2012 grew by 162 percent compared with the previous five years, with 55 percent going to Pakistan “due to large outstanding and planned orders for combat aircraft, submarines and frigate.”
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