China
Air travel and consumption strong
China is gradually reducing its rate of growth as it rebalances toward a more consumption-oriented economy. Because travel and transport are key services in a consumer economy, this transition will strengthen demand for airplanes. Investment will remain a pillar of the Chinese economy and will provide the necessary infrastructure for sustained growth in passenger traffic. Moreover, targeted efforts toward increased links with Africa and Central Asia will reactivate former trade routes and will further integrate China into world markets. Over the next 20 years, it is expected that the Chinese economy will grow 5.6 percent and that passenger traffic will grow 6.6 percent and air cargo, 7 percent.