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Wednesday, November 30, 2022

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China Plans $12bn Aviation Investment in 2O16

The Civil Aviation Administration of China (CAAC) reported that this year China is planning to invest $11.9 billion into country’s aviation infrastructure.

According to Feng Zhenglin, Head of CAAC, the money will be spent mainly on airport constructions, including 11 new projects and renovation of 52 existing facilities.

“The general aviation sector, especially aircraft research and manufacturing, has become a hot spot of both industrial upgrading and social concern,” said Feng Zhenglin, Head of the CAAC.

CAAC also stated that China has been putting a lot of effort into improving transportation and increasing employment rates in the service sector.

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