China second to US in global arms market with three firms in top 10 manufacturers

Name: Washington’s US$1.8 billion arms sale to Taiwan is first weapons deal of its kind in over 40 years
Uploaded: 2020-12-07T03:45:15.000Z
Duration: 2 min 28 s
Description: Washington’s US$1.8 billion arms sale to Taiwan is first weapons deal of its kind in over 40 years

United States still the leading country in arms spending and sales, followed by China, driven partly by its military modernisation

Six American and three Chinese companies dominate the top 10 makers in Swedish think tank’s annual ranking

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An amphibious aircraft developed by Aviation Industry Corporation of China, ranked sixth in a report listing the world’s top arms manufacturers. Photo: Xinhua

Kristin Huang

Published: 11:45am, 7 Dec 2020Updated: 11:24pm, 7 Dec 2020

Three Chinese arms companies have been ranked among the world’s top 10 for weapons sales in 2019 in a Stockholm security think tank’s annual list of the largest arms manufacturers.

The United States was the leading nation in terms of both arms spending and sales of weapons, with China in second place in both respects.

In the ranking by Stockholm International Peace Research Institute (SIPRI), six US companies and three Chinese firms made up the top 10 along with one from Britain.

Aviation Industry Corporation of China, China Electronics Technology Group Corporation and China North Industries Group Corporation were ranked sixth, eighth and ninth respectively in the list of companies.

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Washington’s US$1.8 billion arms sale to Taiwan is first weapons deal of its kind in over 40 years

A fourth Chinese arms firm, China South Industries Group Corporation, was ranked 24th among the 25 companies examined in SIPRI’s report, released on Monday.

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