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January 27, 2020 - Newly available data suggests China is now the world’s second-largest arms producer, behind the U.S. and ahead of Russia. China was omitted from previous rankings over its lack of transparency.
The Stockholm International Peace Research Institute said credible financial information had become available for four major Chinese companies.
The four companies had combined estimated arms sales of $54.1 billion for 2017, it said, which would put them among the top 20 arms producers in the world.
“Three of the companies would be ranked in the top 10.”
Total U.S. arms sales in 2017 were $226.6 billion, and in Russia, $37.7 billion, according to the think tank’s Top 100 list for that year.
Aircraft and avionics group Aviation Industry Corporation of China (AVIC) would rank as the sixth largest arms producer, with estimated 2017 sales of $20.1 billion, while land systems-focused China North Industries Group Corporation (NORINCO) would place eighth with an estimated $17.2 billion in sales, the institute said.
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