Business jet sector to see further growth

A recent slowdown in growth in China's business jet industry will not affect the long-term prospects of the sector, a report said.

According to the China Business Aviation Special Report 2016 jointly released by Hurun Report and Minsheng Financial Leasing, at least 1,420 rich Chinese people have the potential to buy 1,750 business jets, which are worth more than $52 billion.

More than 9,000 superrich people in China have the potential to charter a plane, with the estimated flying time reaching 205,000 hours per year.