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The International Air Transport Association (IATA) predicts a two-fold increase in global passenger traffic to 8.2 billion people, China Daily reports. The volume of China's air traffic by 2037 will increase to 1.6 billion people. According to experts, the volume of air transportation will grow by 3.5% annually. The Chinese passenger market is the second largest in the world. IATA believes that the PRC market will be the largest by 2024-2025. Association CEO, Alexandre de Juniac, calls China a key factor in the development of civil aviation. According to him, the passenger traffic market has shifted to the east, where China is the main engine. Growth in the Chinese market is associated with impressive economic growth, rising incomes and demographic features. By 2020, India will take the third place in terms of air traffic. Indonesia will rise from the tenth place in 2017 to the fourth in 2030. Chinese airlines carried 610 million passengers in 2018, which is 11.4% more than a year earlier. In total, the Chinese market, which includes 294 companies, accounts for 82% of flights in the world.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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