The Rapid Rise of China's Arms Industry

German media recently reported a swift increase in China's presence in the global arms market, particularly highlighted by the recent India-Pakistan conflict, wherein a Chinese-made J-10 fighter jet allegedly shot down a French Mirage fighter. This event is considered a significant milestone for China's military industry.
According to an analysis by the Neue Zürcher Zeitung, China's arms industry offers developing countries an alternative that does not come with Western political conditions, capitalizing on price advantages and a politically neutral stance. Experts in China note that this incident validates decades of efforts in military modernization and predict that the future international arms market will be dominated by the U.S. and China.
However, the analysis points out that China still has a long way to go to co-lead the international arms market with the U.S., holding only 5.9% of the market share, less than one-seventh of that of the U.S. Additionally, two-thirds of Chinese arms exports are concentrated in Pakistan, where over 80% of the military equipment comes from China.
The report highlights that Chinese armaments provide significant opportunities, especially as they are less restricted compared to Western suppliers, although they still face challenges in entering critical markets such as those involving U.S. allies and NATO countries.