In March, the Stockholm International Peace Research Institute reported that China had risen to fourth place in global arms sales—displacing France—after pushing the U.K. into sixth place in 2013. The tenth Zhuhai show sees China emerging as a one-stop military aerospace provider, from surveillance satellites to 50-kg (110-lb.) small-diameter precision-guided munitions (PGM). With the aid of massive government investments in its arms sector, and key 1998 reforms that favored and ...

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