China aims to soar high in aviation
Print Edition
CHINA’S aviation regulator has unveiled a plan for major investment in aviation projects to prop up the country’s flagging economic growth and strengthen Asian trade infrastructure.
Around 500 billion yuan (US$80.6 billion) will be invested in 193 domestic projects this year, Li Jiaxiang, director of the Civil Aviation Administration of China, said yesterday during an aviation forum in Beijing.
Li did not give further details but said aviation infrastructure construction will be prioritized in Xi’an, Urumqi, Nanning, Kunming and Xiamen in the next five years.
“In the past two years, China built 15 airports and expanded another 28 in provinces along the routes of the ‘One Belt, One Road’ initiative,” Li said, referring to the Silk Road Economic Belt and 21st Century Maritime Silk Road proposed by China in 2013 for improved cooperation with countries in Asia, Europe and Africa.
Chinese airlines will add 83 new international routes this summer and autumn to meet increasing demand for outbound travel, to the current 553 routes to 51 countries, Li added.
China boasts the world’s second-largest civil aviation network, with 52 airlines and 202 airports.
The country is hoping that infrastructure projects can help bolster growth as the economy slows.
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