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

STOCKHOLM - 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.

The data, covering the period from 2015 to 2017, allowed it to compile what it called the most comprehensive picture of Chinese companies' weapons production to date. 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.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.

The other two companies it looked at, China Electronics Technology Group Corporation and China South Industries Group Corporation , had estimated sales of $12.2 billion and $4.6 billion, respectively, a spokesperson for the institute said.

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