Tag: global market share

BEIJING: China's arms exports have declined due to poor quality, and weak and inconsistent performance, which puts buyer countries in peril. In the last decade, China's weaponry exports have dropped by nearly a quarter, according to a report by the Directus.Furthermore, China's People's Liberation Army (PLA) is plagued by the issue of low-quality weapons.According to the Stockholm International Peace Research Institute (SIPRI), China's arms shipments fell 7.8 percent between 2016 and 2020 when compared to the preceding five-year period.Its global market share has shrunk from 5.6 percent to...