Economic 360 for China: Growth Prospects and Emerging Opportunities in the Aerospace Industry

Frost & Sullivan, January 2012, Pages: 108

China has been the fastest growing economy, expanding at 10.0 percent annually, driven by exports and investment. High priority is given to economic restructuring, from an export-driven to consumption-driven economy during the 12th five year plan period. The aerospace industry is a driver of economic growth, supported by government initiatives and increased investments. The recent development plans of the Government aim at transforming the aerospace industry from an OEM for parts and components to an aircraft designer and supplier. Opportunities exist in commercial aviation, technology of core components, MRO and aircrafts for low-attitude areas.

China recovered well from the economic recession, and in 2011, emerged as the fastest growing economy with a gross domestic product (GDP) of 9.2 per cent. The Government’s fiscal policy and monetary policy adjustments were mainly aimed at controlling inflation and managing inflation expectations. The Government is committed to stabilizing exports and boosting imports to reduce its trade surplus by converting the export-driven economy to a consumption-driven one during the 12th Five Year Plan. The aerospace industry has particularly emerged as an economy driver, supported by government initiatives and increased investment. The country’s recent development plans aim at developing the satellite manufacturing industry, regional aircraft and the national large aircraft projects. Opportunities also exist in the application of mature military technologies in the civilian market. Over the last decade, the whole industry has been transitioning from the scientific experiments stage to promoting applications. Technology breakthroughs for engines and important systems and equipment are likely to be at the core of the Chinese aerospace industry in the next five to ten years.

In 2012, China is heading towards a slower GDP growth and restructuring of its economic growth model. The highest growth in investment is expected in the seven strategic emerging industries of energy-saving environmental protection, new generation of information technology, biological technology, high-end equipment manufacturing, new energy, new materials and new-energy automotive. The 12th Five Year Plan for the development of the high-end equipment manufacturing industry is meant to benefit five major industrial segments - aviation, spaceflight, high-speed railway, marine engineering and smart equipment. The continuing investments in infrastructure construction and technology research will help China become another strong competitor in the aviation manufacturing market. Due to the rise in disposable income and the number of wealthy households, more enterprises will focus on boosting the sales of private aircraft. The next five years will present considerable opportunities in key components design and manufacture, aviation services and general aviation below 1,000 meters.

The following benefits are offered by this research:

Identify New Market Opportunities

Key trends and developments in the Chinese aerospace industry have been analysed by studying the political, economic, social and regulatory environment, as well as the government’s economic and industry development plans. This analysis provides valuable information to industry participants on emerging market opportunities in different segments of the aerospace industry.

Understand Future Industry Trends

This study is time-sensitive and takes into account developments in the economic, political and regulatory environments. It is a single-point of reference with a global perspective on the Chinese aerospace industry, and focuses on the impact of country-specific factors on different segments of the aerospace industry. This will help in understanding critical industry-specific trends that are likely to affect industry performance and growth.

Comprehend the Policy and Economic Environment

A detailed analysis of the policy, economic and regulatory framework of the Chinese aerospace industry is provided, which helps understand the linkage between industry performance and the level of economic growth and industry plans. Further discussions on government initiatives about policies and financial support are invaluable to industry participants.

Devise Country Entry Strategies

The research service provides valuable information and analysis of the strengths and weaknesses of the economy of China, which are relevant to the aerospace industry. It offers information to companies seeking to enter new geographic markets and provides both country and industry trends and forecasts for major variables. These vital inputs are particularly useful in devising country-specific strategies for equipment manufacturers and service providers.

Evaluate Industry Segment Potential

This research service includes an analysis of the major segments in the aerospace industry in China, with detailed coverage of economic and industry indicators as well as their impact on the future direction and growth of major aerospace segments. This will help corporate planners develop accurate business plans and enhance their ability to optimise company resources.

Table of Contents

Executive Summary

Political Analysis

Economic Analysis

Social Analysis

Technology Analysis

Legal Factors

Environmental Factors

Aerospace Industry

Air Transport Segment

Aviation Manufacturing, MRO and Training Segment

Space Sector

Emerging Opportunities

List of Figures
Economic 360 Perspective: Current Official (China), 2010
Economic 360 Perspective: Economic Forecast (China), 2010-2014
Economic 360 Perspective: Monetary Policy Targets (China), 2010-2011
Economic 360 Perspective: Trade Indicators (China), 2008-2011
Economic 360 Perspective: Free Trade Agreements (China), 2010
Economic 360 Perspective: Commitments under WTO (China), 2010
Economic 360 Perspective: New Construction Projects for Basic Infrastructure (China), 2008-2010
Economic 360 Perspective: Demographic Statistics (China), 2010
Economic 360 Perspective: Aging Population Trends (China), 2000, 2010, 2020, 2030, 2040 and 2050
Economic 360 Perspective: The World Ranking of GDP and Average Annual Income Per Person (China), 1996 and 2008
Economic 360 Perspective: The World Ranking of Top Universities (China), 2010
Economic 360 Perspective: Key Changes of New Enterprises Income Tax Law (China), 2010
Economic 360 Perspective: Deadline for Elimination of Over-capacity (China), 2010
Aerospace Industry: Key Policies and Regulations (China), 1995-2011
Aerospace Industry: Key National Projects (China), 2010-2020
Aerospace Industry: Top Ten Airports By Category in the Air Transport Market (China), 2010
Aerospace Industry: Key Features of ARJ21 (China), 2010
Aerospace Industry: Suppliers for C919 (China), 2010
Aerospace Industry: Construction Stages of COMPASS (China), 2010
Aerospace Industry: Industry Chain of Compass Satellite Navigation Equipment Manufacturing (China), 2010

List of Charts
Economic 360 Perspective: Key Features of Political Structure (China), 2010
Economic 360 Perspective: Current Political Structure (China), 2010
Economic 360 Perspective: Key Foreign Relations (China), 2010
Economic 360 Perspective: GDP Growth Rate and Consumer Price Index (China), 2004-2014
Economic 360 Perspective: Central Budget Socio-Economic Expenditure (China), 2010
Economic 360 Perspective: Foreign Direct Investment (China), 2004-2010
Economic 360 Perspective: Economic Growth Engines (China), 2010
Economic 360 Perspective: Value of Exports, Imports, and Trade Surplus (China), 2004-2010
Economic 360 Perspective: Composition of Goods Export by Major Products (China), 2010
Economic 360 Perspective: Utilization Rate of Productive Capacity (China), 2009
Economic 360 Perspective: The Total Stock of Steel (China), 2008-2010
Economic 360 Perspective: Sales Price Index of Real Estate for 70 Big and Medium-Size Cities (China), 2009-2010
Economic 360 Perspective: New Bank Loans (China), 2007-2010
Economic 360 Perspective: Money Supply and Growth Rate of Money Supply (China), 2007- 2010
Economic 360 Perspective: The Shanghai Composite Index (China), 2008-2010
Economic 360 Perspective: The Consumption to GDP Ratio (China), 2004-2010
Economic 360 Perspective: Exchange Rate (China), 2010
Economic 360 Perspective: Key Economic Drivers and Restraints (China), 2011-2014
Economic 360 Perspective: Birth Rate and Mortality Rate (China), 1978-2010
Economic 360 Perspective: Working Age (15-65 years old) Population (China), 2004-2014
Economic 360 Perspective: Labor Distribution and Labor Supply (China), 2004-2010
Economic 360 Perspective: Average Annual Income Distribution by Regions (China), 2010
Economic 360 Perspective: The Basic Structure of Education System (China), 2010
Economic 360 Perspective: The Percent of Sanitation Expenses by Groups (China), 2004-2010
Economic 360 Perspective: The Number of Hospital Admissions (China), 2004-2010
Economic 360 Perspective: The Total Population and The Urbanization Rate (China), 1980-2015
Economic 360 Perspective: Investment in R&D (China), 2006-2010
Economic 360 Perspective: National Innovation System and Structure of Institutions (China), 2010
Economic 360 Perspective: Number of Granted Domestic and Foreign Patents (China), 2004-2010
Economic 360 Perspective: Sales Income by Technical Fields (China), 2009
Economic 360 Perspective: Foreign Investment Enterprises Laws and Intellectual Property Laws (China), 1979-2008
Economic 360 Perspective: Investment in Anti-pollution Projects (China), 2004-2010
Economic 360 Perspective: The Proportion of Total Energy Production (China), 1978-2010
Economic 360 Perspective: Environmental Activities and Agreements (China), 1979-2010
Aerospace Industry: Structure (China), 2010
Aerospace Industry: Industrial Zones (China), 2010
Aerospace Industry: Factories and Joint Ventures (China), 2010
Aerospace Industry: Trade of Aircraft, Spacecraft and Aircraft Parts(China), 2001-2010
Aerospace Industry: Trade of Aircraft Launch Gear and Ground Fly Trainer (China), 2004-2010
Aerospace Industry: Trade of Parachutes and Parts and Accessories Thereof (China), 2004-2010
Aerospace Industry: Trade of Balloons, Dirigibles, Gliders and Hang Gliders (China), 2004-2010
Aerospace Industry: Impact of Top Four Industry Challenges (China), 2011-2014
Aerospace Industry: Number of Airports (China), 1990, 1995, 2000, 2005, 2008, 2009, 2010 and 2015
Aerospace Industry: Key Airport Locations (China), 2010
Aerospace Industry: Revenue Forecast for Air Transport Segment (China), 2007-2014
Aerospace Industry: The Proportion of Passenger throughput by Routes in the Air Transport Segment (China), 2010
Aerospace Industry: The Proportion of Air Cargo and Mail throughput by Routes in the Air Transport Segment (China), 2010
Aerospace Industry: Air Passenger Traffic Trends in the Air Transport Segment (China), 2004-2014
Aerospace Industry: Freight Traffic Trends in the Air Transport Segment (China), 2004-2014
Aerospace Industry: The Number of Airline Routes in the Air Transport Segment (China), 1990, 1995, 2000, 2005, 2008, 2009 and 2010
Aerospace Industry: The Length of Airline Routes in the Air Transport Segment (China), 1990, 1995, 2000, 2005, 2008, 2009 and 2010
Aerospace Industry: The Distribution of Passenger, Cargo and Mail by Region in the Air Transport Segment (China), 2010
Aerospace Industry: Service Suppliers of Aviation Manufacturing, MRO and Training (China), 2010
Aerospace Industry: Forecast Demand for Commercial Aircrafts and General Aircrafts (China), 2005, 2010, 2014 and 2029
Aerospace Industry: Aviation Manufacturing Competitive Landscape (China), 2010
Aerospace Industry: Structure of MRO (China), 2010
Aerospace Industry: Aviation Training Value Chain (China), 2010
Aerospace Industry: Industrial Output of Space Industry (China), 2004-2014
Aerospace Industry: The Number of Space Launches (China), 1979-2015
Aerospace Industry: Flying Time of General Aviation (China), 2010
Aerospace Industry: Proportion of General Aviation Flying Time (China), 2010

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