Comprehensive Analysis on the Chinese Aviation Industry
Bharatbook.com announces a new report on "China Aviation Industry Opportunity Analysis" which gives the emerging trends and developments in the Chinese Aviation Industry.
In recent years China has emerged as dominant player in global aviation sector (http://www.bharatbook.com/
China's civil aviation system is the second largest global aviation system after the US while the total transportation throughput and the passenger throughput of China's civil aviation is ranked fifth. The aviation growth seen in China is the highest growth in the world in this sector. In the global market, China is the second largest national air travel market and also the fastest growing. To meet the demand of the market, China buys more than 100 new passenger jets every year and this forms more than a tenth of the world’s total demand. While this indicates a huge domestic market, the country is keen to develop and promote its local manufacturers of aircrafts.
It is expected that China would spend about a quarter of a trillion dollars in the next few years, to build the aerospace industries in the country. It is expected to be the biggest market for the aircraft giants Boeing and Airbus, even though the country has a strong focus on localizing manufacture of aircrafts. With more than two-thirds of the worldwide airports now under construction being in China now, the country has laid out ambitious plans and investment targets in the field.
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