China displaces Germany as world's third largest arms exporter: report

March 16, 2015 9:03 AM

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China displaces Germany as world's third largest arms exporter: report

BEIJING (Reuters) - China has surpassed Germany to become the world's third largest arms exporter, a Stockholm-based think tank said in a report on Monday.

Exports of major arms from the world's second largest economy grew 143 percent over the years 2010 to 2014, versus the previous five-year period, when China had ranked ninth globally, the Stockholm International Peace Research Institute (SIPRI) said in a report.

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