This is may be a kite or some sort of advanced aircraft, perhaps an experimental Chinese jet. If it’s a spy plane from another country, it’s taking quite a chance to appear so openly over Chinese territory.

http://www.youtube.com/watch?v=DTvirPFLaQY
Story Source:
http://www.examiner.com/unexplained-phenomena-in-national/kite-shaped-ufo-over-shanghai-was-too-high-to-be-a-kite-video
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