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The United States retains the top five spots in the top 20, but Beijing has the largest naval shipbuilder in the world.
By Guerric Poncet
Sept of the twenty largest arms manufacturers in the world are now Chinese, compared to three in 2019, according to a study published Monday, December 5 by the Stockholm International Peace Research Institute (Sipri). “There has been a wave of consolidation in the Chinese arms industry since the mid-2010s,” said Xiao Liang, a researcher at Sipri. “In 2021, the Chinese company CSSC [China State Shipbuilding Corporation] became the largest military shipbuilder in the world after a merger between two existing companies and arms sales amounting to $11.1 billion,” he adds.
On April 23, 2021, China symbolically admitted to active service simultaneously three large warships, the helicopter carrier Hainanthe cr…
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