Reuters CHINA STRINGER NETWORK
Under the above heading, Yevgeny Fyodorov wrote in the “Voyne Observer” about the decline in Russian arms exports in exchange for the increasing share of the Chinese counterpart in the world market.
The article reads: A periodic report of the Stockholm International Peace Research Institute led SIPRI To turmoil among arms market analysts last December. In short, things were fine for the gun manufacturers in 2019, with dollar sales growing 8.5% compared to the previous year. American players remained Lockheed Martin And the Boeing And the Northrop Grumman And the Raytheon And the General Dynamics At the top of the list.
In the year 2019, overall, the value of the entire global arms market is around $ 361 billion. He got more than 45% of it by the Big Five.
Besides the impressive success of the US military industry, Chinese achievements in this area are cause for concern. There are four Chinese companies that entered the list of the top 25 companies in the world at the same time.
All in all, the Chinese arms manufacturers managed to capture about 16% of all global military orders. The situation of the Chinese would not have worried Russia if the Russian presence in the list of the first 25 companies in 2019 had not been reduced by a third.
Overall, Russia occupies a modest percentage (3.9%) of global military-industrial financial flows, while China ranks fifth in terms of military exports. That is, the lion’s share of the products of its military-industrial complex is consumed by its army. This is not surprising.
With an average annual military budget of $ 228 billion, Beijing ranks second on this benchmark. But it is still a long way from the United States, which has a budget of $ 610 billion for its military-industrial complex. The gap with Saudi Arabia ($ 69.4 billion) and Russia ($ 66.3 billion) is comfortable.
The Russian defense industry, despite its relatively modest budget, still ranks second in the world ranking of arms exporters. But there is a negative trend that does not work in the interests of Russian weapons. Sales are declining annually by 10-12%. While China is working to increase its global technological presence.
The article expresses only the opinion of the newspaper or writer
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