China has seen an increase of over 70 percent in its defense exports from 2012 to 2016 when compared to 2007-2011 overtaking Germany, France and the UK during the time.
According to Chinese PLA Army run media publication, Chinamil, Barter trade and flexible payment terms have helped China to become the third largest weapon supplier in the world.
Flexible payment terms such as in tank fire control system, ground-based air-defense radar system, transport aircraft, amphibious infantry fighting vehicles and large surface ships exports to Venezuela in return for oil has helped China to do business, Chinamil reported last month.
China also bartered armored vehicles to Thailand in exchange for dried food stuffs. Uzbekistan and Turkmenistan purchased FD-2000 long-range air defense missile systems from China in exchange for natural gas.
Besides payment methods, the media report suggests that China provides customers with a range of options to buy from. China had a total of 11 major military-industrial groups as of 2017 to provide land, sea and air equipment systems including fighter jets, bombers, transport aircraft, early warning aircraft, helicopters, main battle tanks, self-propelled artillery, firearms, frigates, submarines, supply ships and anti-ship missiles, the report said.
Based on the report on the global arms export market by Stockholm International Peace Research Institute (SIPRI) based on reports from 2012 to 2016, China has a market share of 6.2 percent and lags behind US and Russia in the global weapons supplier list.
China's defense budget in 2018 will be 1.1069 trillion yuan ($174
State-owned China Shipbuilding Industry Corporation (CSIC) has said it plans to speed up the process of developing nuclear powered aircraft carriers and submarines. CSIC manufactures ships and submarines and has made China's first conventionally-powered aircraft carrier which is currently undergoing mooring tests
Commercial Aircraft Corporation of China (COMAC) signed a purchase agreement with a domestic leasing company China Huarong Financial Leasing Co., for the purchase of 30 C919 large passenger aircraft, taking total orders to 815
China has stationed J-10 and J-11 fighter jets in the Western Theater Command covering Tibet which it claims are third generation plus aircraft to counter India's third generation fighters. India has prepared its air base in the North Eastern part of country bordering Tibet so that its front-line its Su-30MKI fighter jets can operate there
Chinas newest stealth drone, a long-endurance unmanned aircraft successfully completed its maiden flight on Monday, Peoples Daily Online reported. According to a WeChat account affiliated with China Aerospace Science and Industry Corporation (CASIC), the main contractor and research center for the Chinese program, the stealth drone, dubbed “Tianying,” successfully conducted three test flights, four years after the drone program was first initiated
Chinas former missile commander Lt. Gen
China is developing a reusable space plane that will be able to take off from a conventional runway and capable of taking people into space. The aircraft is being designed to transport passengers into near space and also to deliver astronauts and supplies to Chinas new space station, China Central Television reported Thursday
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