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China Replaces U.K. in U.S.-Led Top-Five Arms-Export List

China pushed the U.K. out of the top-five weapons exporters for the first time in more than 60 years as the Asian country’s growing military and economic might translated into global arms sales.

The U.S. led Russia, Germany, France and China in deliveries from 2008 to 2012, the Stockholm International Peace Research Institute said in a report today. Global exports rose 17 percent from the five-year period ended 2007, as China’s foreign sales of major conventional weapons surged 162 percent.