China defence industry enters in the top 5 of the biggest arms and military equipment exporters 1803
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Defence News - China | |||
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Monday, March 18, 2013, 11:55 AM | |||
China defence industry enters in the top 5 of the biggest arms and military equipment exporters. | |||
The volume of international transfers of major conventional weapons was 17 per cent higher in the period 2008–12 than in 2003–2007 (see figure 1). The five biggest exporters in the period 2008–12 were the United States, Russia, Germany, France and China. This is the first time since the end of the cold war that a state from outside Europe and North America has appeared among the five largest arms exporters. (Source SIPRI) | |||
The five biggest importers in 2008–12 were India, China, Pakistan, South Korea and Singapore. The flow of arms to Asia and Africa increased notably between 2008–12 and 2003–2007, while flows to Europe and the Middle East decreased. Among the noteworthy deliveries in 2012 were China’s com- missioning of its first aircraft carrier and India’s receipt of an Akula nuclear- powered submarine from Russia. | |||