Nation to become world's largest aviation services market by 2043

China will overtake North America and Europe to become the world's largest market for aviation services by 2043, with its market value almost tripling from $23 billion in 2024 to $61 billion in 2043, European aircraft manufacturer Airbus said in its latest global services forecast in Beijing.

The aviation services market value this year in China so far has risen to $23 billion from $18.6 billion last year, up 24 percent year-on-year, Airbus said on Thursday.

The tone-setting Central Economic Work Conference that concluded last week urged more efforts to vigorously boost domestic consumption and culture tourism next year.