World Bank Chief Economist Justin Lin stated China could grow 8% p/a for the next two decades to become twice the size of the US economy based on purchasing power parity calculations (Bloomberg, 23-Mar-2011). Using market exchange rates, it may be the same size, as the US. China’s growth averaged more than 10% over the past decade. China can enjoy “the advantage of backwardness’” and has “the potential to achieve another 20 years of 8% growth,” Mr Lin said.
China could grow to be twice the size of US economy: World Bank
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As 2016 draws to a close, CAPA - Centre for Aviation reviews the past year for aviation in the Australia Pacific region and what lies ahead for 2017.
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Bangkok Airways to pursue expansion in China and Taiwan in 2017 with new routes and partnerships
Bangkok Airways is focusing expansion in 2017 on the greater China market, with three new destinations and three new airline codeshare partners. China point of sale now accounts for 8% of revenues for Bangkok Airways – up from approximately 4% in 2015, with further large gains expected in 2017.
Bangkok Airways resumed services to mainland China in mid-2016 after a seven-year hiatus with flights from Samui to Chengdu. In Jan-2017 Chengdu is being upgraded to daily, and a daily service from Samui to Guangzhou will be launched. Samui-Chongqing is planned for later in 2017, giving Bangkok Airways three destinations in mainland China and four when Hong Kong is included.
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