Despite a sharp and record-breaking rise in overall global arms sales last year, the combined revenue of the eight Chinese firms listed in the weapons industry’s Top 100 fell drastically, a Swedish think tank has found.
The 10 per cent fall to US$88.3 billion was also the biggest aggregated percentage drop among the countries with companies in the list, released on Monday by the Stockholm International Peace Research Institute (SIPRI).
The performance of the Chinese weapons giants was in stark…
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