Around three quarters of China’s 175 gleaming airports are losing money, many are barely used and some don’t have any flights at all.
Beijing’s solution to this problem? Accelerate the building spree with a plan to add 45 new commercial airports over the next five years, bringing the total across the country to more than 220 by 2015.
The country’s civil aviation regulator announced last week that the government plans to invest more than Rmb1,500bn ($230bn) in the aviation sector in the next five years, with the bulk of the money to be spent on new airports and new aircraft.
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