I actually found a report about this toy though not much info is added.
China launches bold 'Super Great White Shark' UFO-like craft in huge military development
CHINA revealed the latest addition to its military arsenal on Thursday, in the form of the “Super Great White Shark” (SGWS).
By
JOHN VARGA
PUBLISHED: 03:54, Fri, Oct 11, 2019 | UPDATED: 22:45, Fri, Oct 11, 2019
This new piece of military hardware is, in fact, a circular helicopter. Its futuristic design makes it look lime a UFO and would not be out of place in a Hollywood sci-fi film. The prototype was on display at the fifth China Helicopter Exposition in Tianjin, on Thursday.
At the display, a placard of the craft said: "The Super Great White Shark armed helicopter is a composite wing-body fusion high-speed helicopter configuration designed for the future digital information battlefield.
"In the initial stage of its design, it refers to the international excellent and mature helicopter design technologies, such as AH-64 Apache, CH-53 Sea Stallion, and Russian Ka-52, Mi-26.
"While absorbing their respective advantages, it adopts the internationally popular wing-body fusion (BWB) blended wing body design and the former.
"A new type of high-speed helicopter with a conceptual design of propeller blades has been successfully applied in helicopter design."
President Xi (Image: GETTY•IG)
"Super Great White Shark" (Image: STAR)
As stated, the design apparently draws on Russian and American technologies, with a major innovation being the use of propeller instead of rotary blades.
The “spacecraft” can be piloted by two people and will be equipped with missiles.
If the SGWS ever succeeds in lifting off, then the Chinese will make aviation history.
No other country has ever succeeded in developing and perfecting the technology.
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“Super Great White Shark” (Image: Star)
The US airforce experimented extensively in the 1950s and 1960s with new types of vertical takeoff and landing aircraft.
This involved circular flying platforms and rotorcraft with large central lift fans and more complex flying saucer-like designs.
The model that came closest to succeeding was the Avro Canada or VZ-9 Avrocar.
This ingenious design used three centrally mounted jet engines to blow air through vents all around its circular edge to create lift.
Moller 200G (Image: GETTY)
VZ-9 Avrocar (Image: GETTY)
These vents could then be angled to provide forward thrust.
An additional central lift fan gave the craft the ability to take off and land vertically.
Unfortunately, the designers were never able to overcome thrust and stability issues, leading to the project being abandoned in 1961.
However flying saucer concepts have continued to fire the imagination of designers all over the world.
This has led to a steady stream of innovative designs, with a most notable one being the Moller M200G Volantor.
Conceived by the designer Paul Moller, the M200G was supposed to be a flying saucer for civilian use.
It received a fair amount of media attention at the time in the early 2000s, which led to more refined models, but alas no concrete sales.
In a further interesting development, Romanian engineers have built a subscale model of a circular helicopter, which they have called the All-Directional Flying Object.
The UFO-like craft is not the only new military technology China has been developing, as it seeks to vamp up its military capabilities.
Researchers in eastern China say they have developed an airborne laser device that can detect underwater objects at unprecedented depths.
This might one day be used to track submarines.
The team from the Shanghai Institute of Optics and Fine Mechanics said the device could pick up objects more than 160 metres (525 feet) beneath the sea, twice as deep as devices used today.
They added: “It is the first time to have reached that depth with potential for further improvement."