China Takes Wing

Another irregular indicator of the reshaping of the global economy: routes within or connected to China are expected to account for 193 million of the 831 million new passengers–almost a quarter–that the International Air Transport Association (IATA) expects to be flying by 2016. Domestic air travel dominates that number. IATA says China’s forecast 10.1% growth rate in domestic passenger numbers to 2016 translates into 158.9 million new domestic passengers. No other country is expected to experience double-digit growth rates over the forecast period.

By 2016, IATA says, China will have the second largest domestic passenger market after the U.S. That is a big reason that passenger traffic in the Asia-Pacfic region will surpass that of North America and Europe by 2016. At that point, China will also have the third largest international freight market by volume after the U.S. and Germany.

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