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Tuesday, January 14, 2014

China To Accelerate Weapons Development & Export In 2014

JF-17 ThunderThe People’s Liberation Army (PLA) of China spent a chunk of last year showcasing its new advanced weapons, bagging major arms deals and plans to accelerate its arms development this year.

In September, Turkey began contract negotiations with the China Precision Machinery Export-Import Corporation (CPMIEC), which is under US sanctions for selling arms and missile technology to Iran and Syria.

CPMIEC, which makes the HQ-9 missile system, beat competition from a US partnership of Raytheon and Lockheed Martin, Russia's Rosoboronexport, and Italian-French consortium Eurosam for the deal, estimated at $4 billion (2.9 billion euros).

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