China commissions first home-built aircraft carrier

President Xi Jinping attended the commissioning of China’s first entirely home-built aircraft carrier, underscoring the country’s rise as a regional naval power at a time of tensions. (AP)
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Updated 18 December 2019
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China commissions first home-built aircraft carrier

  • The Shandong is the second Chinese aircraft carrier to enter service after the Liaoning
  • China is seen as striving to overtake the US as the dominant naval power in Asia and already boasts the world’s largest navy in numbers of vessels

BEIJING: President Xi Jinping attended the commissioning of China’s first entirely home-built aircraft carrier, underscoring the country’s rise as a regional naval power at a time of tensions with the US and others over trade, Taiwan and the South China Sea.
The Shandong is the second Chinese aircraft carrier to enter service after the Liaoning, which was originally purchased as a hulk from Ukraine and entirely refurbished .
State media reported that about 5,000 representatives from the naval forces and aircraft carrier construction groups attended the commissioning ceremony Tuesday at a naval base near the city of Sanya.
The base in the southern island province of Hainan opens onto the South China Sea, where China is engaged in an increasingly heated dispute over territory and undersea oil and gas resources. China’s claim to virtually the entire strategic waterway, through which passes an estimated $5 trillion in trade annually, overlaps partially or in whole with five other governments.
Countries in the region, along with US treaty allies including Japan and Australia, are also beefing up their navies and maritime law enforcement capabilities in response to Chinese actions such as the construction of man-made islands that Beijing has equipped with airfields and missile batteries.
State television footage showed Xi being applauded as he boarded the ship to present a flag and certificate, sign the log and visit with sailors. He also inspected aircraft and toured the bridge and flight coordination operations center.
“Commending China’s achievements in aircraft carrier construction, Xi encouraged them to continue their efforts to make new contributions in the service of the party and the people,” the official Xinhua News Agency reported.
Like the Liaoning, the Shandong is named after a northern province and is based on a Soviet design with a ”ski jump” style flight deck for takeoffs rather than the flat decks used by much larger US aircraft carriers. It is powered by a conventional oil-fueled steam turbine power plant, rather than the nuclear fuel American carriers and submarines use.
The 50,000-ton Shandong completed sea trials last year before returning to its construction yard in the northern port of Dalian. Following the arrival of its air complement Chinese J-15 fighter jets, it was due to be commissioned before 2020. It sailed through the Taiwan Strait on its way to Hainan last month, prompting the island’s military to scramble ships and planes to monitor its passage.
China is seen as striving to overtake the US as the dominant naval power in Asia and already boasts the world’s largest navy in numbers of vessels.
Beijing says aircraft carriers are needed to protect its coastline and trade routes, but they are also seen as backing up Beijing’s claims to self-governing Taiwan and the South China Sea.


Closing Bell: Saudi main index slips to close at 11,228 

Updated 15 February 2026
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Closing Bell: Saudi main index slips to close at 11,228 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64. 

The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.    

On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.    

The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.     

The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.  

Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.   

Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56. 

Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55. 

Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34. 

On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier. 

The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.  

Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent. 

United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent. 

Tas’heel ended the session at SR146.80, down 0.28 percent.