14-Mar-2011 11:10 AM

Chinese aerospace revenue to hit USD60bn by 2020

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.