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China to invest USD81.78b in aviation sector
(MENAFN) China's aviation regulator unveiled a plan for major investment in aviation projects as the country's latest effort to prop up flagging economic growth, Xinhua reported.
Around USD81.78 billion will be invested in 193 domestic projects this year, director of the Civil Aviation Administration of China said during an aviation forum in Beijing.
Chinese airlines will add 83 new international routes this summer and autumn to meet increasing demand for outbound travel, in addition to the current 553 routes to 51 countries, the aviation chief added.
"In the past two years, China built 15 airports and expanded another 28 in provinces along the routes of the Belt and Road Initiative," he said, referring to the Silk Road Economic Belt.
Around USD81.78 billion will be invested in 193 domestic projects this year, director of the Civil Aviation Administration of China said during an aviation forum in Beijing.
Chinese airlines will add 83 new international routes this summer and autumn to meet increasing demand for outbound travel, in addition to the current 553 routes to 51 countries, the aviation chief added.
"In the past two years, China built 15 airports and expanded another 28 in provinces along the routes of the Belt and Road Initiative," he said, referring to the Silk Road Economic Belt.
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