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).
China to Invest $11.9 Billion in Aviation in 2016
Key Takeaways:
- China plans to invest $11.9 billion (77 billion yuan) in civil aviation infrastructure in 2016, including 11 new projects and 52 upgrades.
- The investment targets the general aviation sector, identified as a key area for industrial upgrading and social concern.
- Additionally, China's cabinet will open more low-altitude airspace to further facilitate the growth of the country's aviation industry, especially general aviation.
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