Aviation Sector Soars in 2018 as Punctuality Improves
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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