The Chinese People's Liberation Army (PLA) Air Force's August 1st aerobatics team arrived in the port city of Zhuhai in south China's Guangdong Province on Tuesday with J-10C fighter jets for the 15th China International Aviation and Aerospace Exhibition, or Airshow China.
The J-10C is a supersonic, multipurpose fighter jet independently developed by China that is capable of maintaining short- and medium-range air supremacy, and can strike both ground and sea targets.
Seven revamped J-10C of the August 1st aerobatics team will make their debut at this year's air show, which will take place from Nov. 12-17, with the participation of 1,022 companies from 47 countries and regions.
The August 1st team was launched over six decades ago and was named after the date on which the PLA was founded. It has performed over 700 air shows for over 700 delegations from more than 170 countries and regions.
In addition, Russia's Warrior aerobatic team will make a stunning comeback after an absence of eight years.
PLA Air Force's August 1st aerobatics team arrives for Airshow China
Global stock markets saw a significant surge on Wednesday after Donald Trump declared victory in the 2024 U.S. presidential election.
The Dow Jones Industrial Average skyrocketed to a record high, rising by over 3 percent. This marks the first time the Dow has seen a single-day increase of over 1,000 points since November 2022. The S and P 500 index also reached a historic high climbing more than 2 percent, while the Nasdaq Composite Index climbed more than 2.5 percent to its own record peak.
Some market analysts say that Trump's tax and trade policies will elevate inflation levels, reducing the Federal Reserve's room for interest rate cuts and bolstering the U.S. dollar.
The U.S. dollar index, which tracks the exchange rate of the dollar against a basket of major currencies, staged a strong rally with gains briefly exceeding 1.8 percent. The strengthening of the greenback weighed on dollar-denominated commodities, leading to a 1.5 percent drop in international oil prices during Asian trading hours.
Major European stock markets also opened higher on Wednesday, but London's FTSE 100 index, Germany's DAX and France's CAC 40 gave back those gains to close slightly lower. The significant devaluation of the yen against the dollar also drove an increase of more than 2 percent in the Japanese stock market on Wednesday.
Global stock markets soar after Trump declares victory in presidential election
