Stockholm International Peace Research Institute

2 Stories

China Now the World's 3rd-Largest Arms Exporter

Buyers turn to China instead of US, Russia for cheaper, comparable weapons

(Newser) - From 2005 to 2009, China reigned as the world's top weapons importer, but since then, it's fallen to third place—while sliding into the third slot on another list: It's displaced Germany as the third-largest weapons exporter. China retains only 5% of the global export market—the... More »

World Military Spending Zooms to $1.6T Record

United States' $698B six times higher than No. 2 China

(Newser) - Global military spending hit a new high last year, inching up 1.3% to reach a staggering $1.6 trillion, according to a Swedish think tank. The increase itself, however, is one of the lower hikes in years, a slowdown caused by the economic crisis in many Western nations. US... More »

2 Stories