Boeing bets on continued China demand

Nation to need 6,020 airplanes over next two decades, says aircraft maker

China will need 6,020 new aircraft valued at $870 billion in the next 20 years, as a result of its robust economic growth and the entry of more carriers, global aircraft maker Boeing Co said in a report on Thursday.

The United States-based company said in its annual China Current Market Outlook that Chinese carriers will account for 45 percent of the total demand for airplanes in the Asia-Pacific region during the forecast period. According to Boeing estimates, global demand during the same period is expected to be around 36,800 aircraft valued at about $5.2 trillion.