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China to invest $11.9 billion in aviation infrastructure this year

Reuters reports that China will invest 77 billion yuan ($11.9 billion) this year in building aviation infrastructure, citing a Xinhua report. The Civil Aviation Administration of China (CAAC) said the investment, which will focus on airports, will initially lead to 11 key construction projects and 52 aviation-related upgrades to existing facilities. “The general aviation sector, especially aircraft research and manufacturing, has became a hot spot of both industrial upgrading and social concern,” said Feng Zhenglin, head of the CAAC. China’s cabinet separately said late on Wednesday it would support the development of the country’s aviation industry and opening up low-altitude air space.

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