Boeing and European rival Airbus Industries are looking to China to drive sales as growth in demand cools elsewhere. China's economic growth fell to a two-decade low of 7.5 percent in the latest quarter, but that still was well above forecasts for the United States and Europe.
Purchases by Chinese carriers should rise 7 percent a year through to 2032, totaling 5,580 planes worth $780 billion, Boeing said. The figures come from the company's annual market outlook released earlier this summer. The company said that China should account for one-sixth of global sales.
The outlook represents an increase over last year's 20-year forecast of sales of 5,260 new airplanes valued at $670 million in 2012-2031.
"Tourism in China and intra-Asia travel will help spur a strong demand for single-aisle airplanes," the Chicago-based aircraft manufacturer said in a statement.
It said sales of wide-body planes should be driven by growth in long-haul traffic to and from China.
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