Chinese military plane boosts global reach

China's new heavy-lift transport aircraft and a successful missile interception test are key steps in expanding the strength and reach of its armed forces, analysts and state media said Monday.

The Y-20, China's biggest home-produced military transport jet to date, took to the skies for its maiden flight on Saturday in the northwest of the country, just months after Beijing's first aircraft carrier entered service.

Pictures showed the bulky green plane -- an aircraft that will enable China to project military power across vast distances -- soaring into a clear blue sky.

The state-run Global Times hailed the flight of the plane numbered 20001 as a "significant milestone", saying China needed the aircraft to "enhance its global power projection".

It will allow China's military to end its dependence on the Russian-made Il-76, a mainstay of humanitarian and disaster relief around the world, the paper quoted a military expert as saying.

The Y-20 has a maximum payload of 66 tonnes, which it can carry as far as 4,400 kilometres (2,700 miles), the China Daily said, and with 55 tonnes on board it could fly from western China to Cairo.

It is big enough to hold the heaviest tank used by China's army, the paper added, quoting a military expert as saying that "the heavy air freighters will ensure that we are able to safeguard our interests overseas".

"With them, we can transport our people or large equipment to farther destinations," said Liang Fang, professor of strategy at the PLA (People's Liberation Army) National Defense University.

The test flight was a "big step" for China's air force, said Andrei Chang, editor-in-chief of the Canadian-based Kanwa Defense Review, but added that the Y-20 was technologically inferior to other military transport planes.

True figures for the Y-20's maximum load and flying range were likely to be lower than those cited in state media, he added, due to the plane's reliance on a "very old" Russian-designed engine.

"(The engine's) oil consumption is very bad, it wastes a lot of fuel," he said, pointing out that because of noise some developed countries have banned aircraft using it from landing, threatening its potential appearance at European air shows.

The Y-20 was likely to take at least another five years to enter operational service, he added, and its design appeared to incorporate features from the world's most advanced military cargo plane, the US-made Boeing C-17 Globemaster.

But Chang said that the C-17 was a "much better plane", one of the reasons being that it apparently uses a much higher proportion of lightweight composite materials, which China struggles to produce.

The US Air Force says on its website that it has more than 200 C-17s in its inventory.

Also at the weekend, China announced a successful land-based missile interception test following an earlier one in 2010, the official news agency Xinhua reported.

"The test has reached the preset goal," it quoted a defence ministry official as saying, without giving detailed information. "The test is defensive in nature and targets no other country."

In a commentary Monday on the launch, Xinhua said the test, together with "a string of other military equipment progress" including the aircraft carrier and the heavy-lift plane, demonstrated China's "fast-growing ability to defend its own national security and deter any possible threats".

But it added that the advances were purely defensive, denying any "ill-grounded 'China threat theory'."

China more than doubled its publicly declared military spending from 2006 to 2012, roughly in line with economic growth, but rattling its neighbours in Asia. It insists its army expenditure is not aimed at any other country.

China is currently locked in a bitter dispute over the sovereignty of the Tokyo-controlled Senkaku islands, which Beijing calls the Diaoyus, in the East China Sea.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Who's who in the Syria conflict
    Who's who in the Syria conflict AFP News - 36 minutes ago

    Talks aimed at ending Syria's nearly six-year war are set to open on Monday in the Kazakh capital, brokered by regime allies Russia and Iran and rebel backer Turkey. Key regime backer Russia began an air campaign in support of President Bashar … More »

  • Years of failed efforts to end Syrian conflict
    Years of failed efforts to end Syrian conflict AFP News - 47 minutes ago

    Since the start of Syria's war in 2011, several diplomatic initiatives have stumbled over the future of President Bashar al-Assad. Here is a recap: - End of Arab solutions - In January 2012, two months after an initial bid to end the violence, … More »

  • US stocks rise, dollar falls as Trump era begins
    US stocks rise, dollar falls as Trump era begins AFP News - 1 hour 4 minutes ago

    US stocks rose and the dollar fell Friday as Donald Trump was officially sworn in as the president of the United States and Barack Obama's term ended. Trump's inauguration dominated a day that saw most major equity markets rise as the … More »

  • Sales Lower but resilient Business Times - 1 hour 18 minutes ago

    CYBERJAYA: The Malaysian automotive industry is resilient, considering there were no “surprises” by the industry players last year, despite lower sales figures, according to Malaysia Automotive Institute (MAI) chief. Chief executive officer Datuk … More »

  • Top gainer: UMW Holdings shares soar Business Times - 1 hour 18 minutes ago

    KUALA LUMPUR: UMW Holdings Bhd soared almost 10 per cent yesterday, while its subsidiary UMW Oil & Gas Corp Bhd (UMW O&G) plunged more than 17 per cent, following the announcement of their consolidation plans. UMW Holdings was Bursa Malaysia’s top … More »

  • Trump's inauguration day of ritual upends tradition
    Trump's inauguration day of ritual upends tradition AFP News - 1 hour 50 minutes ago

    Donald Trump awoke as your everyday American billionaire. By noon he was sworn in as the nation's 45th president, on a whirlwind day that saw him thrust into the spotlight like never before. Trump, 70, began his Inauguration Day as many American … More »

  • Trump signs executive order against Obamacare health law
    Trump signs executive order against Obamacare health law AFP News - 2 hours 33 minutes ago

    President Donald Trump signed an executive order aimed at limiting the "burden" of the Obamacare health law that the incoming US leader has vowed to repeal. During the signing in the Oval Office, Trump's chief of staff Reince Priebus described the … More »

  • Singaporean buyer scores a bargain at St Regis Residences
    Singaporean buyer scores a bargain at St Regis Residences The Edge Property - 3 hours ago

    One of the first few resale transactions in 2017 resulted in a hefty loss for the seller. On Jan 3, a high-floor unit at St Regis Residences Singapore was sold at a loss of $2.3 million. The seller bought the unit in a sub-sale transaction in 2008 … More »

  • US stocks rise, dollar falls as Trump era begins Business Times - 4 hours ago

    NEW YORK: US stocks rose and the dollar fell Friday as Donald Trump was officially sworn in as the president of the United States and Barack Obama’s term ended. Trump’s inauguration dominated a day that saw most major equity markets rise as the … More »

  • US stocks rise, dollar falls as Trump era begins AFP - 4 hours ago

    US stocks rose and the dollar fell Friday as Donald Trump was officially sworn in as the president of the United States and Barack Obama's term ended. Trump's inauguration dominated a day that saw most ... … More »

  • Trump gets Obama's house, title _ even his Twitter handle
    Trump gets Obama's house, title _ even his Twitter handle Associated Press - 5 hours ago

    Donald Trump built his campaign on early morning tweet storms and hashtag-worthy slogans. Now president, he's in control of the White House's powerful social media arsenal, including the official @POTUS ... … More »

  • Business Highlights Associated Press - 5 hours ago

    ___ China's growth in 2016 slumps as Trump trade struggle looms China's economic growth sank to a three-decade low in 2016 as its struggling exporters brace for a possible trade battle with President-elect ... … More »

  • Stocks edge higher, snapping a 5-day losing streak for Dow
    Stocks edge higher, snapping a 5-day losing streak for Dow Associated Press - 5 hours ago

    Materials companies led U.S. stocks modestly higher Friday, recouping much of the market's loss from a day earlier and snapping a 5-day losing streak for the Dow Jones industrial average. Another crop ... … More »

  • How major US stock market indexes fared on Friday Associated Press - 6 hours ago

    Stocks closed modestly higher Friday, recouping much of the market's loss from a day earlier. The gains, which snapped a 5-day losing streak for the Dow Jones industrial average, came against the backdrop ... … More »

  • Gambia's Jammeh agrees to go, but exile terms not reached
    Gambia's Jammeh agrees to go, but exile terms not reached AFP News - 6 hours ago

    Gambia's Yahya Jammeh agreed "in principle" to hand over power to President Adama Barrow on Friday, Mauritanian and Guinean sources said, but differences remained before a full deal could be reached. Mauritania's President Mohamed Ould Abdel Aziz … More »

  • Dollar falls, U.S. stocks end higher after Trump inauguration
    Dollar falls, U.S. stocks end higher after Trump inauguration Reuters - 6 hours ago

    The dollar ended down while U.S. stock indexes rose in the last day of a choppy trading week, as investors reacted to President Donald Trump's inaugural speech. U.S. stocks started the day higher but gave up some gains after Trump started speaking. … More »

  • TrailStone buys Cargill's power and gas group - sources
    TrailStone buys Cargill's power and gas group - sources Reuters - 6 hours ago

    Commodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this week. The move, first reported by Sparkspread, comes amid a reshuffling in the power and … More »

  • Dollar falls as investors unpack inauguration speech
    Dollar falls as investors unpack inauguration speech Reuters - 6 hours ago

    The dollar edged down on Friday as investors were underwhelmed by the limited scope of executive actions and the lack of concrete policy reforms in the inauguration speech of newly sworn-in U.S. President Donald Trump. Investors had been looking to … More »

  • Oil prices jump 2 percent ahead of producers' compliance meeting
    Oil prices jump 2 percent ahead of producers' compliance meeting Reuters - 6 hours ago

    Oil prices rose more than 2 percent on Friday on expectations that this weekend's meeting of the world's top oil producers would demonstrate compliance to a global output cut deal, but rising U.S. drilling activity limited gains. Members of the … More »

  • Mars investigating Skittles said to be intended for cattle Associated Press - 6 hours ago

    A mysterious Skittles spill on a rural highway in Wisconsin is taking another twist, with Mars Inc. saying it doesn't know why the discarded candy might have been headed to become cattle feed. The case ... … More »

  • US stocks close higher as Trump takes office AFP - 7 hours ago

    Wall Street stocks finished higher Friday as Donald Trump was sworn in as the 45th president of the United States and Barack Obama's term ended. US stocks were in positive territory virtually the entire ... … More »

  • Markets Right Now: Dow industrials break 5-day losing streak Associated Press - 7 hours ago

    The latest on developments in financial markets (All times local): 4:00 p.m. Stocks are ending higher, recouping much of the market's loss from a day earlier and breaking a 5-day losing streak for the ... … More »

  • Haven Assets in Demand as Forceful Trump Sworn In: Markets Wrap Bloomberg - 7 hours ago

    The S&P 500 Index’s advance was cut by about three-quarters as Trump addressed the country for the first time as president. The Bloomberg Dollar Spot Index fell. The S&P 500 Index advanced 0.3 percent to 2,270.48 at 4 p.m. in New York. … More »

  • Oil prices jump 2 percent ahead of producers' compliance meeting
    Oil prices jump 2 percent ahead of producers' compliance meeting Reuters - 7 hours ago

    Oil prices rose more than 2 percent on Friday on expectations that this weekend's meeting of the world's top oil producers would demonstrate compliance to a global output cut deal, but rising U.S. drilling activity limited gains. Members of the … More »

  • Apple is suing one of its most important suppliers
    Apple is suing one of its most important suppliers Business Insider - 7 hours ago

    AP Apple is suing Qualcomm, Bloomberg reported on … Continued The post Apple is suing one of its most important suppliers appeared first on Business Insider. … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.172-0.002-1.15%
    N21.SI
    0.109+0.003+2.83%
    AAJ.SI
    0.121+0.006+5.22%
    40F.SI
    3.81+0.03+0.79%
    Z74.SI
    0.855-0.005-0.58%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.12+36.36%
    MR8.SI
    0.44+0.09+25.71%
    AWC.SI
    0.46+0.08+21.05%
    AYB.SI
    0.52+0.07+16.85%
    E8Z.SI
    0.20+0.02+10.50%
    BDN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.22-0.03-13.73%
    AWI.SI
    0.155-0.015-8.82%
    F86.SI
    0.113-0.010-8.13%
    D79.SI
    0.23-0.02-8.00%
    T18.SI
    0.139-0.011-7.33%
    5NF.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4246-0.0012-0.09%
    USDSGD=X
    1.5220+0.0019+0.12%
    EURSGD=X
    1.7591+0.0004+0.02%
    GBPSGD=X
    80.1670-0.478-0.59%
    SGDJPY=X
    5.4390+0.002+0.04%
    SGDHKD=X
    3.1179-0.0011-0.04%
    SGDMYR=X
    9,436.7451+30.9307+0.33%
    SGDIDR=X
    4.8209+0.004+0.08%
    SGDCNY=X
    1.0759-0.0017-0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,210.20+8.70+0.72%
    GCG17.CMX
    17.11+0.11+0.66%
    SIH17.CMX
    88.68+1.12+1.28%
    ^XAU
    2.620.00+0.19%
    HGH17.CMX
    52.33+0.96+1.87%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.94-0.01
    ^FVX
    2.47+0.01
    ^TNX
    3.05+0.01
    ^TYX