The opaque Chinese arms industry has made the Asian nation the world’s second largest producer of munitions, a clear shift from a decade ago when China relied on imports. The report showed that the Chinese arms groups have generated sufficient sales to be ranked among the world’s top 20 weapons sellers. The four groups have combined sales worth $54.1 billion in 2017.
Daily Current Affairs Quiz 2020
China ranked ahead of Russia, from whom the country used to buy many weapons. More arms exports increases the risk of weapons proliferation, but China’s entry to the world stage of weaponry sales is of special concern to the researchers since Beijing has not signed on to many of the arms control regulations that exist, including the Arms Trade Treaty approved by the UN General Assembly in 2013.