China has boasted the world’s second-largest arms-manufacturing industry for the past five years, ranking behind the U.S. in sales but outstripping Russia and the top European nations, according to a report released Sunday by a Swedish think tank.
In its annual study of arms sales, the Stockholm International Peace Research Institute for the first time released figures for individual Chinese defense firms. The study found that sales of arms and military services by the global sector’s 25 largest companies for which data are available totaled $361 billion last year, an 8.5% increase over 2018. SIPRI is an independent arms-trade analyst.
Among those companies, four are Chinese and 12 are American. Those Chinese companies had combined sales of $56.7 billion in 2019, compared with $221.2 billion from the U.S. companies. Two of the top 25 firms are Russian, with combined sales of $13.9 billion. SIPRI figures showed that revenues for Chinese defense manufacturers have failed to keep pace with the global growth, with the top four Chinese firms growing by 4.8% last year. However, SIPRI’s data on Chinese firms excludes inaccessible sales figures from major companies in missile manufacturing and shipbuilding.
SCALABLE
'ranking behind the U.S. in sales' And the biggest threat to the world peace is whom?
Now, It will soon be the 1st!
Great news.
Before China has or possesses logical own values they will never have relevance in the world of innovations and achievements. They have brains to snoopy and just photocopy thought. Nothing they have created or invented in today's time and by their own knowledge is all chemical.
Arms don't win wars on finally on WW2 level: Nukes & stealth navy + airforce & aircraftcarriers. Moral warfare is nothing new, too - hiding economic interests. Finally investment in arms to get any ROI: economic competitors. autocracy prefers peace bc leaders could only lose
China has already launched rocket to the moon. This is a strong signal to all western countries. Western countries must realize that China has not only expanded by economic and political methods, it begins to use 'hard power'. Just like Soviet Union used to do. This is cold war.
Their battleships release a lot of smoke in the air. Their aircrafts are using engines from Ukraine and Russia, their electronic systems come from U.S. and Japan. They can't build aircraft carrier. Their CO still work on 'People's war'. Yeah. Second biggest army industry.
They have nothing even remotely close to countering the F-22 or even the F-35. They are still decades behind the US in terms of innovation and technological superiority.
Joe Biden promised to blockade them during the last debate with trump. he's gonna destroy china on'day one' antifa will back him that.
Stealing everyone’s ideas has its benefits..
When the Chinese Government gets a taste of military industrial complex, the profits and jobs it can generate, they may follow in the footsteps of US and decide to start wars all around the world. Who can really blame them for imitating a western democracy? Certainly not US.
SO， What？
Reason they won't allow violence to end in Africa and Middle East (Which is part of Africa too). They need to maintain arm sales by creating wars with the help of our deceptively selfish and greedy politicians.
If we all think China got to where it is today is simply through stealing, then we are seriously underestimating China and can’t compete effectively. China graduates more scientists and engineers a year than US, Europe, and Japan combined. Think about that
war
More than half is gotten through intellectual property theft. Yet we'd rather ignore this and the rearming in exchange for cheap crap. The CCP is playing the long game, while we're selling our future for pennies
They declared war years ago on US and dedicate their energy to see the destruction of America. Yet Americans don't feel threaten because Chinese people seems nice, not like Mid-Eastern people , they don't feel threatened 😔. The silent ones are deadly.
Humanity sucks and has not evolved at all. For al that money everywhere, there would be enough food for all, school for all, healthcare for all. But no. Capacity to destroy comes first.,
Yeah but if they build weapons anything like they build tools... 😬 Also, I hope they can fly better then they drive... 😳 Perhaps their time would be better spent in the field of biowarfare... 🤬
Its easy when you simply steal tech from others
After stealing from all the advanced nations arms intellectual properties knowledge in tens of years combing through companies combined, now China is showcasing how far they have gone.
Good times ahead...................................................
they are always finding money for wars not for the peace on the planet
🙏🏻❤️Can someone help us please! I am a single father of 2. I just claimed my last available unemployment benefits this week. I'm hoping to find a new job or get stimulus to keep a place to stay past 12/31. If you can spare it anything helps 🙏🏻🙏🏻❤️please God we don't need a lot
I'd much rather our enemies have made in China weapons than made in Russia. Ijs