China to Invest $11.9 Billion in Aviation in 2016

The Civil Aviation Administration of China says the initiative will improve aviation infrastructure.

Civil Aviation Administration of China
A Civil Aviation Administration of China A319Wikimedia Commons/shimin

The Xinhua news agency reported Wednesday that China is preparing to invest 77 billion yuan ($11.9 billion) in civil aviation infrastructure in 2016, according to the Civil Aviation Administration of China (CAAC).

"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.

The initiative will begin with 11 key construction projects and 52 upgrades to existing aviation-related infrastructure, according to the CAAC.

Late Wednesday, China’s cabinet separately announced that it would support the growth of the country’s aviation industry by opening up more low-altitude airspace. This move may further facilitate the growth of the country’s general aviation industry.