Following the Pak-India conflict, the market capitalization of the J-10C jet producer surges by more than $7.6 billion.

As the world focused on the combat capabilities of China’s J-10C fighter jets, the market capitalization of Chengdu Aircraft Corporation, the country’s top jet manufacturer, jumped by more than $7.6 billion (Rs2.1 trillion) after the recent India-Pakistan conflict last week, Bloomberg reported on Wednesday.

Following a recent escalation in hostilities in which the nuclear-armed neighbors bombarded one another with missiles, drones, and artillery for four days until the United States mediated a ceasefire, the Pakistan Air Force (PAF) celebrated the use of the J-10Cs to shoot down five Indian fighter jets, including three French Rafales.

Long-held beliefs that Chinese weaponry are inferior to those of the West have been challenged by the experience, which has led to a reevaluation of Chinese weapons.

By the end of last week, the market value of the jet’s manufacturer had increased by more than a fourth, or more than 55 billion yuan ($7.6 billion), according to Bloomberg.

China is the fourth-largest arms exporter in the world, yet the majority of its clients are poor, developing countries like Pakistan.

As major countries from Europe to Asia respond to President Donald Trump’s push to increase defense spending, the most recent developments could strengthen Beijing’s sales pitch, Blomberg said.

James Char, assistant professor of the China Program at the S. Rajaratnam School of International Studies, stated that the J-10C was not even China’s most sophisticated jet, adding that “there is a good chance the weapons systems China is able to offer will be even more appealing to potential buyers,” particularly in the Global South.

According to Bloomberg, the J-10Cs are deployed to monitor the Taiwan Strait and have not been put through many battle tests. Their most recent victory, which was reported by Pakistan, has given some preliminary indication of how they may perform against US aircraft like the F-16.

The PL-15 missile is another Chinese weapon under scrutiny during the India-Pakistan conflict.

Following the claimed shoot-downs, parts of the air-to-air missiles were discovered in India, indicating that the weapons, which were mounted aboard Pakistan’s J-10C aircraft, were successful in their first known combat deployment.

The PL-15 is competitive with Western air-to-air missiles, with a maximum velocity exceeding Mach 5.