Asian Sky Quarterly 2021 Q3
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ASIA-PACIFIC MACRO ECONOMICS<br />
GREATER CHINA | MAINLAND CHINA, HONG KONG, MACAU & TAIWAN<br />
Mainland China<br />
Mainland China’s GDP grew by 7.9% in the second<br />
quarter of <strong>2021</strong>, coming just below the median survey<br />
of Bloomberg analysts, and down from the record 18.3%<br />
in the first quarter. For the first half of the year, China’s<br />
economy grew by 12.7%.<br />
Hong Kong, China<br />
GDP GROWTH (BILLION USD)<br />
Mainland China Hong Kong Macau<br />
$12,310 $13,895 $14,280 $14,723<br />
$15,004<br />
The Hong Kong economy expanded by 7.5% in the first<br />
quarter of <strong>2021</strong>, continuing its bounce back from the technical<br />
recession at the end of 2020. Stronger exports and<br />
increased consumer spending helped lift GDP.<br />
Taiwan, China<br />
Taiwan’s GDP grew by 7.74% y-o-y in the second quarter of<br />
<strong>2021</strong>, beating an earlier estimate of 6.93%, but lower than<br />
the 8.92% in the first quarter. The increase was largely due<br />
to a 22.93% jump in exports.<br />
*Data Source : Trading Economics<br />
*Macau’s PMI is not available.<br />
A reading above 50 indicates an expansion of the manufacturing sector compared to<br />
the previous month; below 50 represents a contraction; while 50 indicates no change.<br />
FLEET SIZE GROWTH<br />
$341<br />
$50<br />
Mainland China<br />
66.0%<br />
64.0%<br />
62.0%<br />
60.0%<br />
58.0%<br />
56.0%<br />
54.0%<br />
52.0%<br />
50.0%<br />
48.0%<br />
46.0%<br />
44.0%<br />
42.0%<br />
40.0%<br />
38.0%<br />
36.0%<br />
34.0%<br />
32.0%<br />
30.0%<br />
$362<br />
$55<br />
Taiwan<br />
$366<br />
$55<br />
PURCHASING MANAGER’S INDEX<br />
Oct 20<br />
Nov20<br />
Dec 20<br />
Jan 20<br />
Feb 20<br />
$30<br />
2017 2018 2019 2020 <strong>2021</strong>Q2<br />
Aug 20<br />
Sep 20<br />
Hong Kong<br />
Mar 21<br />
$347<br />
Apr 21<br />
May 21<br />
Jun 21<br />
$362<br />
$50<br />
Jul 21<br />
Aug 21<br />
Expansion Contraction<br />
Business Jet<br />
Turbine Helicopter<br />
Turboprop*<br />
Mainland China Taiwan Hong Kong Macau<br />
344<br />
338<br />
332<br />
342<br />
351<br />
581<br />
679<br />
718 773<br />
797<br />
184<br />
191<br />
191<br />
135<br />
135<br />
122<br />
122<br />
114<br />
25<br />
9<br />
30<br />
27 27 29<br />
5 5<br />
4<br />
15<br />
29<br />
25 24<br />
27<br />
3<br />
21<br />
10 10 10<br />
15<br />
23<br />
19<br />
18 18<br />
4<br />
2<br />
4<br />
1<br />
4<br />
1<br />
2017 2018 2019 2020 <strong>2021</strong>Q2<br />
Data Source : The business jet and helicopter fleet: <strong>Asian</strong> <strong>Sky</strong> Group’s Business Jet Fleet Report & Helicopter Fleet Report, Turboprop data provided by AMSTAT.<br />
The current fleet data is preliminary, all fleet size data will be finalized in next year’s Helicopter / Business Jet Fleet Report.<br />
* Historical data under review<br />
14 | ASIAN SKY QUARTERLY — THIRD QUARTER <strong>2021</strong><br />
2017 2018 2019 2020 <strong>2021</strong>Q2 2017 2018 2019 2020 <strong>2021</strong>Q2
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