China will require 3,400 new airplanes worth about $340 billion over the next 20 years, according to Boeing's updated annual forecast for the commercial airplane market. The complete forecast, known as the Boeing Current Market Outlook, is available on the Boeing Web site.
Over the forecast period, China will have the fastest-growing market, making it the largest market outside of the U.S. for new commercial airplanes.
China will continue leading all domestic air travel markets with a long-term passenger-kilometer growth rate of 8.8 percent. Following the anticipated surge in passenger traffic for the 2008 Beijing Olympic Games, the China domestic market will grow nearly five-fold by 2026 to become slightly larger than today's intra-North American market.