China overtook Russia to become the world’s No. 2 arms producer between 2015 and 2019, according to data released by the Stockholm International Peace Research Institute (SIPRI) last month. The US continues to be in Number 1 position.
Four Chinese defense companies featured among the top 25 arms manufacturers in 2019. Of these, three companies featured in the top 10 positions, accounting for 16% of overall arms sales, with profits surpassing $56.7 billion.
Only two Russian defense companies could make it to the top 25, accounting for below 4% of the total, earning only $13.9 billion.
The four Chinese arms manufacturers which figured in the list included the Aviation Industry Corporation of China (6th), China Electronics Technology Group Corporation (8th), and China North Industries Group Corporation (9th).
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WNU Editor: The Chinese are still far away from catching up to the U.S..
3 comments:
In technology creativity is the #1 tool. China has a problem with it, it cannot copy and be ahead at the same time.
We are quite familiar with NORINCO in the US
Chinese Gun Ring Busted In Bay Area / 2,000 smuggled AK-47s seized in sting, U.S. says
"In a broad sweep of the Bay Area and Sacramento last night, federal agents began arresting business representatives of China's two main government-owned arms companies on suspicion of smuggling 2,000 illegal automatic assault weapons into the United States, authorities said.
The arrests in the case, which involved the largest seizure smuggled automatic assault weapons in this country ..."
1996 United States campaign finance controversy
If only the Chinese had bribed Bill Clinton earlier he could have swept the NORINCO smuggling under the rug.
It is almost as if China was destabilizing California and Mexico.
Mexico seized 281 Chinese Norinco Type 56s from January 1 to June 30, 2009,[8] however, Chinese guns have not been imported into the United States since May 1994.[71]
"You see, amigos: In February 2015, Colombian authorities found 99 missile heads, 100 tons of gunpowder, 2.6 million detonators, and over 3,000 artillery shells hidden under rice sacks in a ship bound from Red China to Cuba that docked in the port of Cartagena Colombia.
Most Cuba-watchers immediately guessed what was up. And crackerjack Colombian (NOT CNN, heaven forbid!) reporters quickly investigated and exposed the Castro-regime’s terror-sponsoring scheme."
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