Aerospace: China wants to fly high

Overview

China's fast-growing domestic market of air travellers means that the country has a better chance of developing an aviation industry than has been assumed, particularly if the government provides subsidies to enable its targets to be met. PRC plans may be ambitious and foreign involvement may still be needed to provide the technological base, notably through deals with Boeing and Airbus. But forecasts of a requirement of nearly 3,000 airliners in the next 20 years could open the door...