Global military expenditures topped $950 billion in 2003 … Arms transfers accounted for $25.6 billion of this figure … 60 percent of all arms sales from 2000–03 were made to developing nations … The five permanent members of the United Nations Security Council (China, France, Russia, the United Kingdom, and the United States) are the largest arms dealers, contributing 88 percent of all conventional arms sales … Of the G8 nations, Japan is the only country that fails to make the top 10 arms-exporting countries … In 2004, China and India were the two largest recipients of global arms sales … China relies mostly on outdated Russian weapons for its purchases, but is pressuring the European Union to lift its arms embargo so it can purchase technologic