China aviation industry growing fast

China signed a framework document today with Airbus for 150 mid-range planes worth nearly 10 billion dollars during a visit rance by Prime Minister Wen Jiabao. The contract, signed by Airbus chief executive Gustav Humbert and the president of the China Aviation Supplies Import and Export Group, Li Hai, covers aircraft from Airbus's A320 family of single-aisle planes, which typically seat up to 185 passengers. The A320 family of single-aisle jets comprises four aircraft capable of seating 107 to 185 passengers.

This is just a small demonstation of the massive expansion that we can expect in the Chinese aviation industry.