China’s Military Aviation Investment Nears USD230 billion, says Janes

by Janes

Revisions to forecast spending on military aviation project a 12.5% increase on Chinese military aviation programmes

LONDON  – In the latest market forecast for the military aviation market, Janes has revised the forecast for China upwards by 12.5%, with total programme spending expected to hit USD228.7 billion between 2020 and 2029. Previously, the trusted global agency for open-source defence intelligence had forecast a spend of USD203.2 billion.

“China is expected to continue ramping up production to expand its fleet and reinforce its regional military strength,” said Alessandra Giovanzanti, senior analyst at Janes. “Alongside keeping up production with programmes such as the J-20 and Y-20, China is likely to procure new Airborne Early Warning and Control aircraft and fifth-generation fighter aircraft for carrier-borne operations, as well as continuing with the recapitalisation of its rotary-wing fleet.”

“Recent reports confirm ongoing manufacturing activities for all known major aircraft programmes as well as progress in the development of new platforms such as the Xian H-20 stealth bomber aircraft, which, according to military sources, is ready for delivery to the People’s Liberation Army Air Force and may make its first public appearance later this year,” said Giovanzanti.

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https://www.janes.com/defence-news/news-detail/china-s-military-aviation-investment-nears-usd230-billion-says-janes

In the latest market forecast for the military aviation market, Janes has revised the forecast for C...

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