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Express Tribune
14-05-2025
- Business
- Express Tribune
Pakistan's J-10C combat use boosts Chinese jet maker's value by $7.6b
Listen to article The market capitalisation of China's premier jet manufacturer, Chengdu Aircraft Corporation, surged by over $7.6 billion following last week's Pakistan-India conflict, according to a Bloomberg report. The sharp increase came amid global focus on the combat performance of the Chinese-made J-10C fighter jets, reportedly used by Pakistan in the skirmish. The Pakistan Air Force (PAF) successfully deployed J-10C jets to shoot down five Indian fighter aircraft, including three French Rafale jets, during an escalation marked by missile exchanges, drone strikes, and artillery fire. The conflict ended with a US-brokered ceasefire, but its ripple effects continue to shape international defense discourse. Read: Chinese PL-15 missiles' combat debut in Pakistan-India conflict Bloomberg reported that Chengdu Aircraft Corporation's market value rose by more than 55 billion yuan—over a quarter increase—by the end of last week, underscoring investor confidence in the jet's perceived battlefield effectiveness. The episode has sparked renewed interest in Chinese military hardware, challenging long-standing assumptions about the superiority of Western arms. China is the world's fourth-largest arms exporter, with most of its clientele in developing nations like Pakistan. Analysts suggest the recent events could bolster Beijing's global defense sales pitch. 'There is a good chance the weapons systems China is able to offer will be even more appealing to potential buyers—especially in the Global South,' said James Char, assistant professor at the China Program of the S Rajaratnam School of International Studies. He also noted that the J-10C is not even China's most advanced fighter jet. Read more: Shares of J-17 jet manufacturer soar after Pakistan downs Indian Rafale jets The conflict also drew attention to another Chinese weapon system: the PL-15 air-to-air missile. Remnants of the missile were reportedly recovered in India after the aerial engagements, indicating its possible first successful use in combat. With speeds exceeding Mach 5, the PL-15 is considered a rival to top Western missiles like the AIM-120 AMRAAM. China's defence sector is expected to benefit from increased international scrutiny of its arms capabilities, especially as countries in Asia, the Middle East, and Africa reconsider their procurement strategies amid rising geopolitical tensions and defense spending pressures.
Arab News
14-05-2025
- Business
- Arab News
China jet maker's market capitalization soars by over $7.6 billion after India-Pakistan conflict
ISLAMABAD: The market capitalization of China's premier jet manufacturer, Chengdu Aircraft Corporation, surged by more than $7.6 billion (Rs2.1 trillion) following the recent India-Pakistan conflict last week, Bloomberg reported on Wednesday, as global attention zeroed in on the combat performance of Chinese J-10C fighter jets. The report comes after the Pakistan Air Force (PAF) hailed the use of the J-10Cs to shoot down five Indian fighter jets, including three French Rafales, during a recent flare-up in hostilities that saw the nuclear-armed neighbors pound each other with missiles, drones and artillery for four days until the United States brokered a ceasefire. The episode has prompted a reassessment of Chinese weapons, challenging long-held perceptions of their inferiority to Western arms. 'The jet's maker saw its market capitalization soar by over 55 billion yuan ($7.6 billion), or more than a fourth, by the end of last week,' Bloomberg reported. China is the world's fourth-largest arms exporter, but its customers are mostly developing nations like Pakistan that have limited funds. The latest developments could bolster Beijing's sales pitch as major economies from Europe to Asia heed President Donald Trump's call to ramp up defense spending, Blomberg said. 'There is a good chance the weapons systems China is able to offer will be even more appealing to potential buyers' especially in the Global South, said James Char, assistant professor of the China Program at the S. Rajaratnam School of International Studies, noting the J-10C was not even China's most advanced jet. The J-10Cs have had few battle tests and are used to patrol the Taiwan Strait and their latest reported success by Pakistan has provided some initial insight into how they might fare against US fighters such as the F-16, Bloomberg said. Another Chinese weapon in focus after the India-Pakistan standoff is the PL-15 missile. Parts of the air-to-air missiles were found in India after the reported shoot-downs, suggesting the weapons, deployed on Pakistan's J-10C aircraft, proved effective in their first known combat use. With a top speed above Mach 5, the PL-15 is a rival to Western air-to-air missiles.
