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Chinese aerospace revenue to hit USD60bn by 2020

14-Mar-2011 11:10 AM

Chinese Aviation Industry Technology Committee director, Zhang Hongbiao, forecast revenue from the Chinese aerospace industry would exceed combined revenue from Boeing and EADS by 2020 (People’s Daily Online, 11-Mar-2011). The Chinese aerospace industry forecasts combined aerospace revenue of USD55 billion-60 billion p/a by 2020. Over the past decade, aerospace industry sales in China have increased at an average of 37% p/a.