Caixin
Jan 08, 2019 06:43 PM
BUSINESS & TECH

Aviation Sector Soars in 2018 as Punctuality Improves

Passengers prepare to board a flight at Taiyuan Wusu International Airport in Taiyuan, North China’s Shanxi province, on Dec. 29. Photo: VCG
Passengers prepare to board a flight at Taiyuan Wusu International Airport in Taiyuan, North China’s Shanxi province, on Dec. 29. Photo: VCG

China is aiming to boost its air passenger traffic by 11% this year and pour more than $10 billion into related infrastructure, as it continues on track to become the world’s largest aviation market, according to the regulator’s latest annual work report.

The strong expansion and massive spending campaign comes as Beijing shifts its infrastructure spending into high gear in a bid to support the slowing economy. It also comes as the Chinese capital gets set to open a second, massive new airport later this year that will immediately be one of the world’s largest.

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