China Daily, the state-run newspaper, citing an unnamed source, reported that the Chinese government determined that the UFO had military connections and was planning to make an official statement later in the day. Daily Finance noted that Chinese airline stocks rallied in the wake of the Xiaoshan Airport UFO sighting, with 3.9% to 5.6% gains.
By Saturday, China Daily's reports indicated a Chinese government about-face, with the Civil Aviation Administration denying that any conclusion had yet been drawn as to the identity of Thursday's UFO near Xiaoshan Airport.
This is turning into one of the most significant UFO incidents in recent memory. Check out some photos of the object here and here. This clearly isn't any type of conventional aircraft that I'm familiar with. For a YouTube video compilation of various photos of the object, click here. For the rest of the article, click here.