According to a five-year forecast of the aviation industry published in recent Aviation Industry News (March 30, 2009), the Top 5 Emerging countries contributed $52.2 billion to the global airlines industry in 2007, with a CAGR of 13.9% between 2003 and 2007. In 2012, the market is forecast to have a value of $87.7 billion, with a CAGR of 10.9% over the 2007-2012 period. China is the leading country among the Top 5 emerging nations, boasting a market share of greater than 40% of the Top 5 Emerging countries with revenues of $22 billion in 2007.

Also, in a leading market research report released in 2009, the civil aviation passenger throughput of China will increase up to 1.4 billion person-trips and 30 million tons by 2020 with an average annual growth rate of 10%. Since China is expected to maintain its rapid yet steady economic growth, China’s civil airport industry will continue to develop in the coming years. Despite the economic downturn in 2009, the aviation industry in China is still expected to maintain some growth, though at a lower average growth rate. In addition, encouraging recovery news have been reported recently.

Just as the civil aviation industry of China completed the amazing transport turnover in passenger turnover, the cargo turnover is also experiencing high growth rates of over 21% in 2007 and over 11 billion ton-km year-on-year over 2006. Judging from these figures, we expect China will undoubtedly maintain a rapid growth momentum in coming years.

There are several major aviation projects happening in China:

1. China's Special Role on the New Boeing 747-8 Airplane
2. Important Role on New Boeing 787 Dreamliner Airplane
3. Significant and Expanding Role With Boeing Supplier Network
4. First Production from Airbus A320 Assembly Line
5. MRO Expansion in China
6. New airplanes from China’s own design

Some important facts of China:

1. China’s GDP ranks second only to the United States; however, it is estimated to be growing at 11.4% compared to 2.2% per year in the US.
2. China is the most populous country in the world, and it also has the largest work force ?more than five times the size of the United States’s
3. In 2007, China’s account surplus totaled over $416 billion, the largest in the world
4. China’s population is over 1.3 billion people
5. Huge migration from rural to urban centers in recent years, estimated between 90 to 300 million people
6. Urban infrastructure equivalent to Houston every month
7. By 2010 almost 50% of all Chinese will live in urban centers
8. China has between 100 to 160 cities with populations of over 1 million, while the US has only 9 and Europe has 36
9. China has more speakers of English as a second language than America has native English speakers
10. China has 265 million people under the age of 14
11. China now has over 298 million internet users
12. There were over 641 million cell phone subscribers in China at the end of 2008
13. Total outbound travelers from China reached 40 million in 2008, an increase of 14%