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China has world's second-largest arms industry, think tank estimates

China has world's second-largest arms industry, think tank estimates

Monday, January 27, 2020, 7:36 PM

Newly available data suggests that China is the world's second-biggest arms producer, behind the United States and ahead of Russia, a leading conflict and armaments think-tank said on Monday. A lack of transparency means the Stockholm International Peace Research Institute has excluded China from its annual global rankings of arms makers, but it said credible financial information had become available for four major companies.
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