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China to become major cargo plane maker
BEIJING, Sept 21 (worldACD) - China is likely to become a major for cargo plane makers in the next 20 years as the country's air cargo sector maintains a more than 10 percent annual growth, China Daily reported.
China would need 568 freight carriers by 2026, more than 10 times the size of the present fleet, as its air cargo industry continues to boom, China Aviation Industry Corporation I (AVIC I) said.
"China's air cargo market will maintain an annual growth rate of 10.5 per cent in the next two decades, which is slightly higher than the growth rate of the passenger transport market," said Liao Quanwang, vice-president of Aviation Industry Development Research Center of China, which is affiliated to AVIC I.
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