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Comprehensive display of active military hardware indicates China's openness: expert

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Comprehensive display of active military hardware indicates China's openness: expert

2024-11-17 16:24 Last Updated At:16:37

The comprehensive display of China's active military hardware at the 15th China International Aviation and Aerospace Exhibition, or the Zhuhai Airshow, has indicated Chinese army's confidence, inclusiveness and openness, according to a military expert.

The airshow takes place in the southern coastal city of Zhuhai from Tuesday to Sunday. Multiple types of Chinese advanced military aircraft, such as the multi-role fighter jet J-10C, the Y-20 large transport aircraft, and the stealth fighter jets J-20 and J-35A, staged stunning flight performances, wowing visitors at the airshow.

These equipment, among others, are also on static display, enabling visitors to observe their exquisite designs and details up close.

The Y-20 even opened its cargo belly for visitors to have a multi-dimensional view and direct understanding of its projection capabilities.

"[The Chinese People's Liberation Army (PLA) Air Force's] August 1st aerobatics team already replaced its jets with the J-10C aircraft last year, the latest model of the J-10. Many people captured the splendid aerial displays presented by the J-10C, and they feel very proud. The latest progress of the Chinese army in the development of advanced weapons and equipment have left a deep impression on them," said Li Li, a famous military expert in China.

"Meanwhile, the cargo belly of the Y20 is open to visit reservations by ordinary people, so that they can directly feel the strategic projection capabilities of the aircraft. They can know how the airport projects tanks and troops [to combat zones] and how the chairs are arranged inside the cabin. This will help enhance people's understanding the Chinese air force and even mobilize more people to become pilots," she also said.

Covering more than 800,000 square meters, the airshow this year has attracted 1,022 companies from 47 countries and regions to participate.

Comprehensive display of active military hardware indicates China's openness: expert

Comprehensive display of active military hardware indicates China's openness: expert

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ECB cuts interest rates by 25 basis points

2025-03-07 03:04 Last Updated At:03:17

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points

ECB cuts interest rates by 25 basis points

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