Chinese defense stocks surged following Pakistan’s announcement of a major arms purchase, including the advanced J-35 stealth fighter jet. This deal marks China’s first export of the fifth-generation fighter, enhancing Pakistan’s defense capabilities amid ongoing tensions with India. Indonesia is also considering Chinese J-10 jets, signaling a potential shift in arms procurement.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while
December 12, 2025