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By 2025, the size is expected to reach 0 billion to 0 billion, according to a report by McKinsey & Co, an international consulting firm.
By 2020, China plans to build more than 500 airports and more than 5,000 general aviation aircraft will be in operation. The industry is projected to be worth more than 1 trillion yuan (.4 billion) by then, according to the Civil Aviation Administration of China.
By 2026, Chinese luxury spending is expected to double to 1.2 trillion yuan (3.6 billion), accounting for almost two-thirds of global growth in luxury spending, a new luxury report by consulting firm McKinsey& Co said.
But the expected down cycle may yet have a silver lining in that it will likely be demand-driven rather than supply-driven. So, demand can still be stimulated by government policy or mortgage rates, he said.
But the pace of hiring slowed late this summer, and layoffs, while below prior levels this year, have remained steady at about 900,000 a week, government statistics show.
来源：资阳报