In addition, new carriers, and domestic initiatives, are stimulating 
point-to-point travel. Over the past five years, airline capacity 
has grown more than 20 percent annually. Capacity for flights 
between or into the golden triangle (Beijing, Shanghai, and 
Guangzhou) and between metro airports with traffic of at least 
10 million passengers has increased nearly 8 percent 
annually. Also, established Chinese airlines continue to 
grow their share of flights to such destinations as Northeast 
Asia, Southeast Asia, South Asia, and Oceania. Chinese airlines 
are now providing 54 percent of total capacity. As the 
market continues to grow, airlines in China will need 4,630 
new single-aisle airplanes, valued at $490 billion.