China's cutting-edge airplanes proved a big draw at the ongoing 15th China International Aviation and Aerospace Exhibition in the southern Chinese city of Zhuhai on Saturday, leaving spectators in awe with their breathtaking stunt flights.
The J-35A, China's new medium-sized stealth fighter jet which made its debut at the airshow, also known as Airshow China, together with another China's domestically-developed stealth fighter jet J-20 wowed spectators with thrilling aerobatic performances.
The J-20, also called the Mighty Dragon, is the country's fifth-generation medium and long-range fighter jet. It is a twinjet all-weather stealth aircraft developed for China's Air Force.
The Red Falcon Aerobatic Team also amazed visitors with their air stunts at the event.
The Red Falcon Aerobatic Team was formed by the Chinese People's Liberation Army Air Force in 2011. It consists of jet-powered Nanchang JL-8 trainers.
The event is the largest air show in the country. Held from Nov 12 to 17 in Zhuhai City, Guangdong Province, the event showcases an impressive lineup of military hardware while offering a glimpse into the latest achievements in the modernization of the Chinese military.
China's advanced fighter jets stun spectators at Zhuhai Airshow
China's advanced fighter jets stun spectators at Zhuhai Airshow
As much as 37 percent of Americans saw their debt increase during this year's holiday shopping season, with average debt rising to 1,223 U.S. dollars from 1,181 dollars last year, according to the latest holiday debt survey of LendingTree, the nation's online loan marketplace.
The survey, conducted earlier this month among more than 2,000 U.S. consumers, found that rising tariffs and higher prices have put additional pressure on household budgets.
In a statement, LendingTree's chief consumer finance analyst Matt Schulz said the strain becomes more pronounced during the holiday season, as many consumers are reluctant to change long-standing shopping traditions, even as costs rise, leading to higher debt levels.
According to the survey, 63 percent of borrowers expect it will take three months or longer to repay their holiday-related debt, while about 41 percent said they are still paying off debt from last year. Schulz warned that if borrowers need six months to a year or more to repay their balances, the situation becomes more serious due to high credit card interest rates.
Data from Bankrate show that the average U.S. credit card interest rate currently exceeds 20 percent.
Meanwhile, U.S. consumers have grown increasingly pessimistic about their financial situation. Data released on Tuesday by The Conference Board showed that the U.S. Consumer Confidence Index fell for the fifth consecutive month in December, dropping to 89.1, the lowest level since April, amid deepening anxiety over jobs and income.
Over one-third of Americans rack up holiday debt: survey
