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☆ After nearly 2 decades in service, the F-22 has its first air-to-air kills — neither against the jets it was designed to fight
▼ + stars: | 2023-02-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The F-22, the top US air superiority fighter jet, finally has it's first air-to-air kills. In a week, this jet downed a Chinese spy balloon and an unidentified "object" in two separate engagements. Neither kill was a jet that the F-22 was designed to fight. A US Air Force F-22 prepares for aerial refueling over the Nevada Test and Training Range on March 2, 2011. Despite having operational experience in Syria in the 2010s targeting Islamic State assets, the advanced fighter has never recorded a confirmed air-to-air kill, but now it has two.

☆ Why China's and Russia's 5th-generation stealth jets don't quite live up to the hype, according to a former US Navy pilot
▼ + stars: | 2023-02-10 | by ( Peter Suciu | ) www.businessinsider.com time to read: +6 min

Those jets have advanced features but aren't quite as advanced as US stealth jets, a former Navy pilot says. However, a copy of a fifth-generation fighter does not actually make it one. Russia's Sukhoi Su-57Russian Su-57 fighter jets. A Russian Su-57 fighter jet. Associated PressThough the Chinese and Russian aircraft are likely highly capable warbirds, some US aviation experts have suggested they shouldn't rightfully be considered "fifth-generation."

☆ China car sales plunge 38% in January as subsidies, tax cut end
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI/BEIJING, Feb 8 (Reuters) - China's passenger car sales slumped 38% in January, reversing a 2.4% gain in the previous month, industry data showed on Wednesday, as demand weakened after a tax cut on combustion engine cars and subsidies on electric vehicles (EV) expired. Sales of new energy cars that include pure battery EVs and plug-in hybrids also fell 6.3% in January after a blistering 90% growth in 2022, the China Passenger Car Association (CPCA) said. "New energy car sales in January didn't meet our expectation, with a rare year-on-year decline in a single month sales," said Cui Dongshu, secretary general of CPCA in an online briefing on Wednesday. He said the Lunar New Year and the end of EV subsidies were among the factors leading to the decline. New energy vehicles accounted for a quarter of the total 1.3 million car sales in the month, CPCA data showed, down sharply from 35% in November 2022.

☆ China’s Covid wave threatens another snarl of U.S. medical supply chain
▼ + stars: | 2023-01-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +8 min

“We’re looking a lot for potential early warning signs in the medical supply chain for any kinds of disruptions,” said an administration official. “One major concern throughout the entire pandemic has been that because of China’s zero Covid policy, shutdowns greatly reduced manufacturing capacity in China. Despite efforts over the past two years by the Biden administration to bolster the country’s domestic medical supply chain, the complexity, costs and regulations involved in health care manufacturing has limited companies’ ability to shift production. I think that would be a natural response,” said Douglas Kent, executive vice president of corporate and strategic alliances at the Association for Supply Chain Management. Health care officials say they hope that the U.S. is in a better place to withstand any shocks from China.

☆ BioNTech ships COVID shots to China for use by Germans
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +3 min

BioNTech said it is working with Shanghai Fosun Pharmaceutical (600196.SS) to deliver the shots to greater China, with availability expected in Beijing, Shanghai, Guangzhou, Shenyang and Chengdu. China would need to approve expanding access beyond the about 20,000 German nationals, the source said on Wednesday. "Most of Chinese here got the BioNTech vaccine, the vaccine that was first available. SinoVac vaccine was not available in Europe," a first-generation Chinese expatriate who has lived in Europe for more than a decade told Reuters. The expatriate, who asked to remain anonymous to protect their family in China, said that the government there might only make BioNTech shots available to Chinese nationals if it came to the worst-case scenario.

☆ Chinese fighter jets flew near island, Taiwan says
▼ + stars: | 2022-11-13 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

China’s military flew 36 fighter jets and bombers near Taiwan, the Taiwanese defense ministry announced, part of a long-running campaign of intimidation against the self-ruled island democracy that Beijing claims as part of its territory. Ten of the aircraft on Saturday flew across the median line in the Taiwan Strait that separates the island from the mainland, the ministry said. Taiwan and China split in 1949 following a civil war that ended with the Communist Party in control of the mainland. Chinese President Xi Jinping’s government stepped up efforts this year to intimidate Taiwan. It has sent fighter planes and bombers to fly near the island and fired missiles into the sea.

☆ Take a look at the J-15 fighter jet, the $61 million copy of a Soviet plane picked to wage war from China's aircraft carriers
▼ + stars: | 2022-11-07 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

The Shenyang J-15 is China's carrier-borne fighter jet. J-15 fighter jet preparing to land on China's first operational aircraft carrier, the Liaoning, during a drill at sea. It was manufactured by the Shenyang Aircraft Corporation, a subsidiary of the state-owned defense conglomerate Aviation Industry Corporation of China. The J-15 is China's first carrier-borne fighter jet, meaning that it was primarily designed for China's growing fleet of aircraft carriers. These improvements led a Chinese military expert to suggest the fourth-gen J-15 could be considered a "fourth-generation-plus" fighter jet in discussions with China's Global Times.

☆ China Evergrande unit gets notice for $4.48 bln loan from Shengjing Bank
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Debt-laden property developer China Evergrande Group (3333.HK) said on Tuesday its unit received a notice of enforcement for unrecoverable funds from Shengjing Bank Co Ltd (2066.HK). The bank said it failed to recover funds totalling 32.595 billion yuan ($4.48 billion), which was provided to the unit from 2020 to 2021, according to Evergrande. In early September, state-owned companies of the Chinese northestern city of Shenyang bought Evergrande's shareholding in Shengjing Bank in an auction for 7.3 billion yuan. read moreThe Evergrande unit's 30.99% stake in Xinjiang Guanghui Industry Investment Group, which it had pledged to the bank has now been enforced, the notice said. Evergrande, which has about $300 billion in debt, said the pledged equity interest has not been auctioned or sold to a third party.

☆ BMW tests hydrogen burner in Leipzig paint shop, expands battery assembly lines
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

LEIPZIG, Germany, Oct 20 (Reuters) - BMW (BMWG.DE) is testing a burner able to operate on both hydrogen and gas in its paint shop in Leipzig, the carmaker said on Thursday, as it also announced an 800-million-euro ($782 million) investment in new battery assembly lines at the plant. The burner, developed together with combustion technology firm Saacke with the aim of reducing carbon emissions in the production process, is able to switch from hydrogen to gas or vice-versa while in use. Carmakers looking to reduce dependence on Russian gas have been struggling to find a solution for how to power their paint shops without the fuel. Register now for FREE unlimited access to Reuters.com RegisterBMW already uses hydrogen in the production process at its Leipzig plant, with a fleet of hydrogen-powered trucks for logistics transport and five storage tanks on the premises. Also on Thursday, BMW said it was adding a third battery assembly line and five cell varnishing lines to the Leipzig plant by 2024, with two more high voltage battery assembly lines to follow after that.

☆ Housing might be struggling in China but there are green shoots in commercial property
▼ + stars: | 2022-09-13 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +7 min

Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Likewise, property group CIFI Holdings posted a 23% year-on-year drop in home sales in China for the first half, but reported a 69.5% lift in its property investment revenue. While some investors sold assets to stay liquid, Spiro said the commercial sector generally has more supportive government and fiscal policies. All in all, the Chinese commercial property sector's resilience lies in its ability to rebound faster than its residential counterpart. Down but not outBut unlike housing, the commercial sector is rebounding particularly after lockdowns ended and government incentives kicked in, CBRE said.

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