Global arms market hits post-Cold War high point

Experts say increase due to rising security risks around the world

Despite the gloomy world economy, Chinese observers have cast their sights to a prosperous global arms market, which has hit the post-Cold War peak in 2012 according to a Russian report issued earlier this month.

The seemingly abnormal situation, driven by complex factors including turmoil in the Middle East and big appetites of international arms dealers, is likely to cast a shadow over the already troublesome situation in East Asia, they said.