Part 2/9:
Recent data from the Stockholm International Peace Research Institute (SIPRI) paints a complex picture of global arms sales in 2024. While most major players—such as the United States, European countries, Russia, and Middle Eastern nations—see their arms sales and military expenditures surge in response to geopolitical tensions, China’s arms industry tells a different story. Instead of growth, China experienced a 10% decline in arms sales compared to 2023.