Do you understand that many private jets cost per unit is as expensive as a fighter jet and the operational per hour and rental per hour flight time is as expensive as a fighter aircraft?
A falcon 7X is as expensive as a A-10 or F-16 to operate, operating a Embraer Phenom or a Learjet is cheaper but it is as expensive as flying a large UAV such as General Atomics MQ-9 Reaper.
Tell me how many people can own one?
A Embraer E-195 or a B-737 operated as a VIP carrier private jet are as expensive to operate as a F-35 per hour flight time.
China has future as a mass transport market where you get tickets between $300-$1000 dollars but as a private jet Market still has no way to compete because most Chinese earn less than USD $300 a month.
In Latin America many corrupt politicians, drug dealers and business people own them but remember there is a lot of injustice and poverty there, China has room to grow, true, but not as you claim for two simple reasons, first most manufacturers are from the Americas, south America Embraer and north America Cessna, Bombardier.
A second the largest Market is north America since they have the largest fleets, so even only replacing old jets means more than 4000 aircraft in the next 7 years