The escalating conflict between India and Pakistan could be offering the world a first real glimpse into how advanced Chinese military technology performs against proven Western hardware – and Chinese defense stocks are already surging.

India and Pakistan’s biggest skirmish in decades is also a major testing ground for Chinese and Western jets and other military hardware.

The conflict between India and Pakistan over Kashmir offers a potentially rich intelligence harvest for China in its own rivalry with India as it gleans data from its fighter jets and other weapons used in action by Pakistan.