BEIJING, February 22: China has almost doubled its weapons exports in the past five years, a military think tank said on Monday, as the world’s third-largest weapons exporter pours capital into developing an advanced arms manufacturing industry.
In 2011 to 2015, China’s arms imports fell 25 percent compared with the previous five year period, signaling a growing confidence in the country’s homegrown weaponry despite key areas of weakness, the Stockholm International Peace Research Institute (SIPRI) said in a report on global arms transfers.
Chinese exports of major arms, which excludes most light weaponry, grew by 88 percent in 2011-2015 compared to the earlier five-year timeframe, SIPRI said.-Agencies
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