China’s Aerospace & Defense Industry Continues Growth
The aerospace and defense industry in China is one of the fastest growing industries worldwide, according to Research and Markets’ new “Analyzing Aerospace and Defense Industry in China” report. With the growing support of the government, the Chinese aerospace and defense industries have reportedly benefitted and have reached the same level as many other developed economies’ A&D industries.
The rapidly growth of the Chinese aerospace and defense industry has presented opportunities for global investors. In the past couple of years, the aerospace and defense industry in China has grown at a robust rate, with revenues crossing the figure of $100 billion by 2011. With a rapidly growing government budget for the defense sector, the Chinese aerospace and defense industry is witnessing the growth of many multinational companies who are setting up in the country, and also actively participating in joint ventures with Chinese companies.
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