&w=3840&q=100)
Pakistan's unverified claims & move to buy J-35 5th-gen jets see Chinese maker's shares soar high
Pakistan's government said Friday on social media that it intends to acquire 40 J-35 fighters, KJ-500 airborne early warning and control aircraft, and HQ-19 ballistic missile defence systems. read more
Shares of the company that makes China's J-35 fighter aircraft have soared, courtesy Pakistan. Reuters
Shares of Chinese defence firms surged Monday (June 9) after Pakistan announced plans to purchase a fleet of advanced Chinese-made fighter jets, a move that could mark China's first export of its fifth-generation stealth aircraft.
AVIC Shenyang Aircraft Company, the manufacturer of the J-35 stealth fighter jet, hit its 10 per cent daily trading limit in Shanghai, building on a three-day rally. Other defence stocks also jumped, with Aerospace Nanhu Electronic Information Technology Co. climbing as much as 15 per cent, Bloomberg reported.
STORY CONTINUES BELOW THIS AD
Interestingly, this is not the first time defence stocks in China have soared following India-Pakistan tensions.
Pakistan government's signalling
Pakistan's government said Friday (June 6) on social media that it intends to acquire 40 J-35 fighters, KJ-500 airborne early warning and control aircraft, and HQ-19 ballistic missile defence systems.
The J-35, which is claimed to feature advanced stealth capabilities, was developed by Shenyang Aircraft Corporation and was first unveiled publicly at the 2024 Zhuhai Airshow. If finalised, the deal would mark the first known foreign sale of the aircraft.
Tensions between Pakistan and India remain high following clashes in early May that involved air, drone and missile strikes, along with artillery and small arms fire. In a May 31 interview, India's Chief of Defence Staff Anil Chauhan confirmed India had lost fighter jets during the conflict, though he did not provide details.
Last month, Pakistan claimed that Chinese-made J-10C fighters helped shoot down six Indian jets, including French-built Rafales. India has denied the effectiveness of the weapons systems used by Pakistan, saying its forces successfully carried out retaliatory strikes deep inside Pakistani territory.
The reported deal also comes amid growing interest in Chinese military hardware in Southeast Asia. Indonesia is considering a Chinese offer of J-10 jets after traditionally relying on aircraft from the United States, Russia and other suppliers.
China's defence industry has continued to advance despite domestic corruption scandals. In December, Beijing launched its first next-generation amphibious assault ships, which analysts say are the largest of their kind. Last year, a video purportedly showing a test flight of a sixth-generation Chinese fighter jet went viral online, prompting another wave of gains in defence stocks.
STORY CONTINUES BELOW THIS AD
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
17 minutes ago
- Time of India
Harvard's enduring leftist leanings: From Castro to campus controversies
Fidel Castro. (Getty Images) Harvard university, a beacon of liberal academia and a prominent US academic leader, has long displayed a discernible inclination towards leftist ideologies, a trend that has recently drawn sharp criticism from the Trump administration. This perceived political alignment intensified as President Donald Trump, citing Harvard's opposition to his policies and personal history, began imposing restrictions on the university's federal funding. While Trump denied personal resentment from any alleged Harvard rejection, the antipathy deepened significantly following the university community's response to the October 7 Hamas attack. The institution faced widespread condemnation for its "disgraceful display of anti-Israel vitriol and tacit endorsement of violent messaging," which then-president Claudine Gay initially refused to condemn, ultimately leading to her resignation, as reported by The Hill. This incident provided ample opportunity for Trump to lambast Harvard, given that approximately 90 percent of its student body and faculty reportedly supported his Democratic opponents in the three most recent presidential elections, as stated by The Hill. The Trump administration's scrutiny broadened further when Secretary of State Marco Rubio announced visa revocations for Chinese students with Communist Party ties or those studying in "critical fields." Later, Trump issued a proclamation limiting the entry of international students to Harvard for study and research, as reported by The Hill. A soft spot for leftist leaders Harvard's historical leanings are not a new phenomenon. In 1959, the university notably hosted Fidel Castro, the young Cuban revolutionary who had just overthrown the right-wing dictator Fulgencio Batista. During his visit, Castro delivered a fiery speech extolling his revolution. In a question-and-answer session, when confronted with reports of summary executions without trials, Castro vehemently denied any extra-judicial killings, as reported by The Hill. Less than two years later, despite his repeated claims of "I am not a Communist," Castro declared his Marxist-Leninist ideology and Cuba's alliance with the Soviet Union, as observed by The Hill. Vietnam war and Communist influence The Vietnam War era further underscored Harvard's evolving political landscape. Despite the conflict's origins under Harvard alumnus John F. Kennedy, the faculty and student body progressively turned against escalating US intervention under Lyndon Johnson. They increasingly viewed North Vietnam's Communist dictator, Ho Chi Minh, as merely an "agrarian reformer" and the Communist Vietcong as "oppressed democrats" rather than agents of North Vietnam's invasion, as reported by The Hill. In May 1965, when Johnson's Secretary of State Dean Rusk criticized the academic community for its "stubborn disregard of plain facts," Harvard led numerous Boston and Cambridge colleges in drafting a unified response to Rusk, as stated by The Hill. This period demonstrated how U.S. universities, including Harvard, became fertile ground for communist influence operations, a fact that China, North Vietnam's primary supporter, exploited for decades. Countering malign activities on US campuses The House Select Committee on China has since detailed the Chinese Communist Party's extensive efforts to leverage the openness of American society, particularly in acquiring technical and scientific information. A notable instance occurred in 2021 when Harvard professor Charles Lieber was convicted of selling classified information to Chinese university colleagues and lying to federal investigators about it, as reported by The Hill. Such incidents have cast a shadow over many international scholars in the US. University officials and government investigators now face the challenge of cooperating to counter "malign activities on US campuses without damaging America's reputation for free speech and open idea exchange," as noted by The Hill – an outcome that would be a strategic victory for Beijing. This dilemma extends beyond academia, as decades of US Defense Department military exercises with the People's Liberation Army, intended to build mutual understanding, have arguably ignored the underlying reality that in China's totalitarian system, "everything in academia, economics, and the military is subservient not to the needs and interests of the Chinese people but to the Chinese Communist Party," as stated by The Hill. Joseph Bosco, who served as China country director for the Secretary of Defense, emphasized that changing China remains a daunting challenge, and the "wishful thinking of unconditional engagement" has proven both futile and increasingly perilous, as quoted by The Hill. Both Harvard and the US government must now dedicate their best minds to this complex endeavor. Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
Time of India
23 minutes ago
- Time of India
These 11 years of PM Modi will be written in golden words: CM Dhami
These 11 years of PM Modi will be written in golden words: CM Dhami (Picture credit: ANI) DEHRADUN: Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday lauded Prime Minister Narendra Modi 's leadership on the completion of 11 years in office, stating that India has emerged as a major global power under his tenure. Speaking at the press conference, CM Dhami said, "Today, India is a major global power. The entire world sees India with hope. These 11 years of PM Modi will be written in golden words..."CM further added, "Post Independence, the people had hope from the government, but to realise that hope, it's PM Modi who has worked in the last 11 years with a motto of 'sab ka saath, sab ka vikas, sab ka prayas'..."PM Modi first took oath as the Prime Minister of India on May 26, 2014, and is serving his third consecutive term. Marking the occasion, the Union government also released a comprehensive e-book detailing achievements across various sectors over the past 11 years. The year 2025 marks 11 years of Prime Minister Narendra Modi's government. The book said that these 11 years have been dedicated to bringing about inclusive, progressive, and sustainable development. "The government under Prime Minister Modi has been steadfast in its commitment to creating equity and opportunity for all citizens," it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thousands Are Saving Money Using This Wall Plug elecTrick - Save upto 80% on Power Bill Click Here Undo "PM Modi has brought the politics of development - Vikasvaad - into the mainstream, making it the focal point around which political discourse and policy action now revolve," it reads. The book said that since assuming office in 2014, PM Modi has remained firm in his resolve to keep 'India First' in every policy formulation and action. It added that the resolve is evident in the government's handling of both external and internal security, economic management, empowerment schemes for marginalised groups, efforts at cultural conservation and so on. The book highlighted the government's steps in handling COVID-19: "Prime Minister Modi's government has always believed in setting challenging targets and achieving them before the set deadline. This can be seen across sectors, whether it is in vaccinating the entire eligible population in record time against Covid-19, recording the nation's highest ever exports in history, in the digital revolution which is taking place across India, in achieving monumental targets for rural electrification, in building world-class infrastructure or in providing drinking water facilities across households. "It emphasised that there has been a paradigm shift in public service delivery and the implementation of government schemes using the JAM Trinity - Jan Dhan, Aadhaar, and Mobile - in the last 11 years." In the last 11 years, there has been a paradigm shift in public service delivery and the implementation of government schemes using the JAM Trinity - Jan Dhan, Aadhaar, and Mobile. JAM Trinity is the key enabler of India's transformed and well-developed digital landscape. It has removed intermediaries and permits direct transfer of benefits into an intended beneficiary's bank account."Emphasising the government's action for conservation of the environment, it said, "Under Prime Minister Modi, India has championed environmental protection globally, emerging as a leader of the movement. The United Nations declared June 21st as International Yoga Day , an acknowledgement of the global recognition of the heritage. It also mentioned Operation Sindoor , describing it as a demonstration of a new India--resolute, swift, and sovereign in action. "India's assertion on the global stage has also undergone a remarkable evolution. The success of Operation SINDOOR demonstrated a new India--resolute, swift, and sovereign in action."The book is a comprehensive compendium about India's transformation under PM Modi's "visionary leadership across fourteen facets of policymaking, ranging from infrastructure to foreign policy to social justice". The book has 14 chapters, highlighting developmental aspects in different social, technological and educational sectors. It also noted the government's efforts to lift the marginalised class and different sections of society.
NDTV
23 minutes ago
- NDTV
Kyiv's World Heritage Cathedral Damaged In Russian Attack: Ukraine Minister
Kyiv: A Russian attack overnight damaged Saint Sophia Cathedral in the historic centre of Kyiv, one of Ukraine's most significant monuments and a designated world heritage site, the Ukrainian culture minister said on Tuesday. "Last night, the enemy struck at the very heart of our identity again," Mykola Tochytskyi wrote on Facebook, calling the 11th-century cathedral "the soul of all Ukraine." "Saint Sophia Cathedral in Kyiv, a shrine which survived for centuries and symbolizes the birth of our statehood, was damaged," he said. He added that a blast wave damaged the cornice on the main apse of the landmark. Pieces of white plaster crumbled to the ground with a gap visible in a section of the cornice, Reuters video from the scene showed. This is the first time since the start of the war that the cathedral has been damaged, first deputy director general of the site Vadym Kyrylenko told reporters. But Russian drones flying close to the ground present a threat amid continuous air attacks on the capital. "As our security guards say, sometimes (drones) almost touch the crosses on the bell tower 76 meters above the ground," he said. The cathedral was added to UNESCO's World Heritage list in 1990 for its architectural importance. The United Nations' heritage body describes the white cathedral and monastery complex with green roofs and golden domes as a symbol of the "new Constantinople" created in the region. Kyrylenko reported no critical damage but said the almost 1000-year-old site will be inspected by a specialized institute and repaired. Over a year after Russia's full-scale invasion in February 2022, UNESCO's World Heritage Committee placed the Saint Sophia Cathedral on the list of World Heritage in Danger "due to the threat of destruction the Russian offensive poses" to the monument and integrity of its ancient interiors, mosaics and frescoes. The site was also vulnerable to shock waves it said. "It is not only protected by our state, it is protected by the whole world. It is the heritage of the whole world," Kyrylenko said.
