BEIJING - China is expected to become the world's largest domestic aviation market in the next ten years, supported by urbanization, economic development and people's rising income, Airbus forecast on Wednesday.
The company specifically forecast that China will overtake the United States as the world's top domestic aviation market in terms of the number of passengers in 2023.
It predicted that the average annual growth rate for the domestic Chinese market will be 7.1 percent in the next 20 years with the average annual growth rate for international traffic from/to China's mainland at 8.1 percent between 2013 and 2023.
The country will need more than 5,300 new passenger aircraft and freighters from 2014 to 2033, with a total market value of $820 billion. This will represent 17 percent of the world's total demand for over 31,000 new aircraft in the next 20 years, the company forecast.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
