Boost for Chinese defence stocks: Shares surge after Pakistan said it intends to buy China's J-35 stealth fighter jets; first international sale
Chinese defence companies saw a surge in share prices on Monday following Pakistan's announcement of its intention to purchase advanced fighter aircraft from China.
AVIC Shenyang Aircraft Company, which manufactures the J-35 stealth fighter jet, saw its shares rise by the maximum daily limit of 10% in Shanghai, continuing its upward trend for the third straight session.
Other defence-sector companies also witnessed significant gains, with Aerospace Nanhu Electronic Information Technology Co. experiencing up to 15% increase in share value, according to a Bloomberg report.
On Friday, Pakistan's government announced via social media its plans to acquire 40 J-35 fifth-generation fighter jets, KJ-500 airborne early warning and control aircraft, and HQ-19 ballistic missile defence systems.
China is set to make its first international sale of the J-35 fifth-generation fighter jet to Pakistan. This advanced aircraft, featuring sophisticated stealth capabilities for airspace penetration, was manufactured by Shenyang Aircraft Corporation and showcased at the 2024 Zhuhai Airshow.
Pakistan's military capabilities would be enhanced with the KJ-500 aircraft, offering improved radar coverage and operational flexibility in regional conflicts.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trade Bitcoin & Ethereum – No Wallet Needed!
IC Markets
Start Now
Undo
Additionally, the HQ-19 surface-to-air missile systems would strengthen their ballistic missile defence capabilities, the Bloomberg report said.
The regional military landscape is evolving, as evidenced by Indonesia's consideration of Chinese J-10 jets. Although Indonesia has previously acquired munitions and surveillance equipment from China, this would be their first purchase of Chinese fighter aircraft, marking a shift from their traditional reliance on American and Russian manufacturers.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
13 minutes ago
- Hans India
Apple ramps up India output as Foxconn begins iPhone 17 production at Bengaluru plant
Taiwanese electronics major Foxconn and Apple's key supplier has started production of iPhone 17 at its new Bengaluru factory This marks a significant milestone for the facility, which is Foxconn's second-largest iPhone manufacturing unit outside China and has been set up at an investment of around $2.8 billion (about Rs 25,000 crore). The Bengaluru unit, located in Devanahalli, is now operational alongside Foxconn's Chennai plant, where iPhone 17 production is also underway, as per sources close to the development. This follows the local production of iPhone 16 series last year around the same time-frame, ahead of its global and India launch. However, Apple or Foxconn were yet to officially comment on the development. The new facility had faced a brief setback earlier this year after several Chinese engineers left abruptly, but Foxconn has since managed to bring in experts from Taiwan and other locations to bridge the gap. Apple is betting big on India as a manufacturing hub. The company is expected to scale up iPhone production to 60 million units this year, compared to 35–40 million units in 2024–25. In the year ended March 31, 2025, Apple assembled 60 per cent more iPhones in India, worth an estimated $22 billion. Apple CEO Tim Cook recently underlined India's growing importance in the company's global supply chain. After announcing financial results on July 31, he revealed that a majority of iPhones sold in the US in June 2025 were made in India. During the second-quarter earnings call, Cook also confirmed that all iPhones sold in the US during the June quarter were shipped from India. An analysis by S&P Global shows that iPhone sales in the US touched 75.9 million units in 2024. With March 2025 exports from India at 3.1 million units, Apple will need to double shipments through expanded capacity or divert more devices meant for the domestic market to meet this demand. Meanwhile, Apple's presence in India's smartphone market continues to grow. Supplies rose 21.5 per cent annually to 5.9 million units in the first half of 2025, with the iPhone 16 emerging as the most shipped model. In the June quarter alone, Apple's shipments in India rose nearly 20 per cent year-on-year (YoY), giving it a 7.5 per cent market share. The broader Indian smartphone market, however, remained dominated by Chinese brands, with Vivo leading at 19 per cent share during the same quarter, according to IDC. The launch of the Bengaluru factory is seen as a major step in Apple's strategy to diversify its production base away from China and strengthen India's role as a global manufacturing hub.
Hans India
13 minutes ago
- Hans India
Tensions rising in Pakistan's Gilgit-Baltistan against Chinese dominance
Tensions are growing in Pakistan's Gilgit-Baltistan region between local communities and the increasingly dominant China-Pakistan trade apparatus, according to reports. Social media footage widely circulated showed Chinese nationals blocking a key road in protest, and within hours, Pakistani traders responded by staging a sit-in that effectively brought cross-border movement at the Sost town at the Gilgit-Baltistan (GB) immigration point to a standstill on July 31. According to a report in the online publication these developments are not isolated. They reflect a deepening discontent in Gilgit-Baltistan over what many local residents view as an exploitative trade relationship—one in which the economic benefits disproportionately favour Chinese interests while local traders are left to navigate a system they say is stacked against them. Gilgit-Baltistan's traders have been voicing concerns for years, but recent developments underscore just how acute those frustrations have become. Many in the region argue that the China-Pakistan Economic Corridor (CPEC) -- a project long hailed by Islamabad as a game-changer -- has offered little by way of tangible benefit to the local economy. Instead, GB residents say they are witnessing their lands used as corridors for foreign economic gain while their own businesses are suffocated by bureaucracy and an uneven playing field. A recurring complaint involves the inspection of Pakistani goods and vehicles by customs officials, while Chinese shipments often pass with minimal scrutiny. One Gilgit-Baltistan trader told a local media outlet that they were required to provide strict documentation and face exhaustive checks, while Chinese goods faced almost no scrutiny at all. Adding to this imbalance are concerns about labour. Chinese workers employed in infrastructure projects under CPEC are often flown in rather than hired from the local population, leaving many GB residents sidelined despite promises of job creation. According to the report, the Pak-China Traders Action Committee (PCTAC) has escalated its protest at the Sost Dry Port in Hunza since July 21, demanding an end to what it terms illegal taxation by federal agencies. The committee, comprising traders, hoteliers, transporters, and local businesses, has blocked the Karakoram Highway in Hunza and Nagar districts, disrupting trade with China. Tensions flared after the arrest of PCTAC leaders Abbas Mir, Ali Nazar, and Farman Ali Tajik on the night of July 20–21. They were released the next day amid pressure from the trading community. The dispute stems from federal authorities, including the FBR and Pakistan Customs, imposing income and sales taxes on Chinese imports via the Khunjerab Pass. Historically, traders from Gilgit-Baltistan were informally exempt from such levies, especially for small-scale and local-market trade. However, stricter enforcement in recent months, citing smuggling concerns, has angered traders. Despite its strategic importance, the region remains in a constitutional limbo, lacking full provincial status and often excluded from the mainstream political discourse. This marginalisation has made it easier for Islamabad to push forward large-scale economic projects—like CPEC—without robust local consultation. Critics argue that this approach reduces GB to a transit zone, valuable only for its geographic location rather than for its people. While Islamabad plays a quiet role, China's growing footprint in the region is increasingly visible—and increasingly contested. From the construction of roads and tunnels to the operation of customs facilities, Chinese companies and personnel are a familiar presence in GB towns like Sost and Hunza. Though some local residents acknowledge the improvements in connectivity and infrastructure, many also feel overwhelmed by what they see as a foreign economic occupation, the report added
Time of India
26 minutes ago
- Time of India
The most expensive teapot in the world costs $3 million, but does not even serve tea! Read on to know all about THIS luxury piece
Egoist the teapot(Photo: Guinness World Records) Can a mere teapot be more valuable than most luxury cars, yet it never brews a cup of tea for a guest? Made with obsessive attention to detail, this solitaire studded artifact bridges centuries of craftsmanship, goodwill, and cultural homage and holds the title of the most expensive teapot in the world. In 2016, Guinness World Records declared 'The Egoist' as the world's most valuable teapot, with a staggering valuation of up to $3 million. It was commissioned by the N. Sethia Foundation, a UK-based charitable organization founded by British‑Indian philanthropist Nirmal Sethia, and sponsored by his luxury tea company Newby Teas, the teapot was created as an homage to the world's finest teas. Who made this teapot This unique masterpiece was made by Milanese jeweller Fulvio Scavia. Its base is made up of 18‑carat yellow gold and sections of gold-plated genuine silver, giving it a rich and regal foundation, according to the official website of Guiness World Record. The exterior is lavishly adorned with 1,658 brilliant-cut diamonds and 386 rubies, which have been taken from Thailand and Burma, resulting into a bright, dazzling display. At its heart sits a 6.67‑carat Thai ruby, emphasizing the teapot's luxurious aesthetic. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo Egoist the teapot(Photo: Guinness World Records) The handle is made up of Ivory Interestingly, the teapot's handle is made from moulded fossilised mammoth ivory, a prehistoric material that needs to be handled with extra delicacy and precision, as noted by Guinness World Records itself. Sure! Here's a rephrased version of the passage in a simple, easy-to-understand tone while keeping all the key information and quotes intact, Nirmal Sethia build the collection in memory of his wife. According to the Chitra Collection's official website, 'The Chitra Collection is an extraordinary private museum of historic teawares.' Back in 2011, Nirmal Sethia, Chairman of the luxury tea company Newby Teas, began building what he hoped would become the world's greatest collection of tea-related items. His goal was to preserve and celebrate the rich cultural history of tea. Named in memory of his late wife, Chitra, the collection now includes nearly 2,000 items and is considered one of the most complete and finest collections of its kind. The teaware on display comes from Europe, Asia, and the Americas, covering more than 1,000 years of tea history. Tea has been an important aspect in history Egoist the teapot(Photo: Guinness World Records) The website further explains that, 'For centuries, tea played a central role in culture and society as a medicinal and revitalising drink, a focus for hospitality and familial domesticity, and as a symbol of national identity.' It adds that tea has also had a deep impact on history, 'Tea was also politically and economically significant as a source of profit, a tool of empire and as a trigger for revolution, war and slavery. Today, tea is the most ubiquitous of beverages and occupies an important place in the heart of Britain's life and psyche.' All the unique and beautifully crafted teawares in the Chitra Collection highlight how deeply tea has influenced art, culture, and daily life over the past thousand years. Although the collection is currently kept privately in London, there are discussions about eventually opening it to the public for exhibition.
