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China plans 45 new airports as travel booms

28 February 2011

China plans to build at least 45 new airports in the next five years to serve booming travel, the top industry regulator said Thursday.

The plans call for spending 1.5 trillion yuan ($230 billion) to expand air travel, said Li Jiaxiang, administrator of the Civil Aviation Administration of China.

Some 130 of China’s 175 existing airports lost money last year but Beijing will support them to boost local economic growth, Li said at a news conference.

source: Bloomberg

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