China replaces Britain in world’s top five arms exporters

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China has become the world’s fifth-largest arms exporter, a respected Sweden-based think tank said on Monday, its highest ranking since the cold war, with Pakistan the main recipient. China’s volume of weapons exports between 2008 and last year rose 162 per cent compared to the previous five year period, with its share of the global arms trade rising from 2 per cent to 5 per cent, the Stockholm International Peace Research Institute (SIPRI) said. China replaces Britain in the top five arms-dealing…

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