The stock value of China’s state-owned aircraft manufacturer, Chengdu Aircraft Industry Group, surged by $7.6 billion this week following reports of increased operational deployment of its J-10C fighter jets by the Pakistan Air Force (PAF). The boost underscores growing international confidence in Chinese military aviation technology and Beijing’s expanding influence in global arms markets.
Pakistan’s Air Force, which began acquiring the J-10C in 2022, has recently highlighted the aircraft’s role in active air patrols and training missions near its eastern border. Military analysts note that Islamabad’s growing reliance on the J-10C — a fourth-generation multirole combat aircraft equipped with advanced radar and missile systems — is reshaping South Asia’s aerial balance.
The market response has been swift. Shares in Aviation Industry Corporation of China (AVIC), Chengdu’s parent company, climbed nearly 12% over the past week, adding approximately $7.6 billion in market value. Analysts attribute the spike to rising defense export prospects and Pakistan’s endorsement of the aircraft’s performance.
“The J-10C’s deployment by a frontline air force like Pakistan’s serves as a strong validation of its capabilities,” said Liu Hongwei, a defense analyst at the China Center for Aerospace Studies. “It may pave the way for further sales in the Middle East and Africa.”
The deal between China and Pakistan has also raised strategic concerns in neighboring India, which is closely monitoring developments along its western front. Meanwhile, Beijing has framed the partnership as part of its broader Belt and Road Initiative, emphasizing peaceful cooperation and technological exchange.
Pakistan currently operates over two dozen J-10C jets, with more expected to arrive later this year as part of a long-term defense partnership between the two countries.
