China's new medium-sized stealth fighter jet, the J-35A, on Tuesday made its debut by performing a dazzling flying display at the ongoing 15th China International Aviation and Aerospace Exhibition, also known as Airshow China, in Zhuhai, a coastal city of south China's Guangdong Province.
The multi-role equipment has been much anticipated since the announcement of the Chinese People's Liberation Army (PLA) Air Force on November 5.
It's China's second stealth fighter jet following the J-20.
The J-35A, together with the J-20, positions China as the second nation to operate two types of stealth fighter jets, following the U.S. F-22 and F-35.
The airshow will run from Tuesday till 17.
China's J-35A stealth fighter jet debuts at Zhuhai airshow
China's J-35A stealth fighter jet debuts at Zhuhai airshow
China's J-35A stealth fighter jet debuts at Zhuhai airshow
China's J-35A stealth fighter jet debuts at Zhuhai airshow
China witnessed further improvement in its macroeconomic policies, industrial structure and people's incomes in the year of 2024, said Wu Sa, deputy director of the Chinese Academy of Macroeconomic Research.
The country's gross domestic product (GDP) reached a record of 134.9084 trillion yuan (about 18.77 trillion U.S. dollars) last year, up 5 percent year on year, meeting the government's full-year target, data from the National Bureau of Statistics (NBS) revealed on Friday.
In an interview with the China Central Television (CCTV), Wu said the main goals and tasks for economic and social development in 2024 were accomplished, with the three "advancements" being the notable highlights.
"The sustained improvement in the growth trend has further strengthened development confidence and social expectations. In late September 2024, Chinese government started making major adjustments to macroeconomic control policies in response to new situations and problems in economic operations, and launching a series of important measures and incremental policies, which effectively boosted market confidence and resulted in significant recovery of the economy. In the first three quarters of 2024, China's GDP grew by 10.84 percent from the previous year, and in the fourth quarter, it increased by 5.4 percent year on year. On a quarterly basis, China's GDP grew 1.6 percent in the fourth quarter. The growth in data reflected an increase in confidence and enhanced development expectations," he said.
Wu also said that China's industrial production experienced accelerated growth last year, driven by the country's continued efforts to optimize and upgrade its industrial structure.
China's value-added industrial output, an important economic indicator, rose by 5.8 percent year on year in 2024, accelerating from the 4.6 percent growth recorded in 2023.
By sector, the value-added of mining increased by 3.1 percent, manufacturing by 6.1 percent, and the production and supply of electricity, thermal power, gas and water by 5.3 percent in 2024, according to the data.
"The economic structure has been continuously optimized, further demonstrating a solid foundation and huge potential. The task of advancing Chinese modernization is a top priority, upholding high-quality development is the unyielding principle of the new era, and developing new quality productive forces is an inherent requirement and an important focus for promoting high-quality development. In 2024, in terms of the highlights in cultivating and developing new quality productive forces, the added value of high-tech manufacturing increased by 8.9 percent and the outputs of new energy vehicles, integrated circuits, and industrial robots all achieved double-digit growth. The formations of new momentum and new advantages have been accelerating, laying a solid foundation for the new normal of high-quality development," Wu said.
"The continuous increase in residents' incomes has also further enhanced the sense of gain and happiness of the people. In 2024, residents' incomes continued to rise, with rural residents' incomes growth outpacing that of urban residents. The relative income gap between urban and rural residents was further narrowed," he said.
The country's per capita disposable income stood at 41,314 yuan (about 5,747 U.S. dollars) in 2024, up 5.3 percent year on year in nominal terms, while representing an increase of 5.1 percent after deducting price factors, official data showed.
Incomes of rural residents, up 6.6 percent year on year in nominal terms, grew faster than incomes of city dwellers, who enjoyed increases of 4.6 percent in 2024.
China sees improved economic policies, industrial structure in 2024: expert
