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Published on 13/08/2019 4:35:01 PM | Source: Reuters

Factbox: China ramps up investment in airports to spur economic growth

Posted in Top Stories| #China #World Market #Factbox

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BEIJING  - China has been ramping up investment in airport projects since late 2018 to improve transport connectivity and spur domestic demand, as the world's second-biggest economy slowed amid a prolonged trade war with the United States.

China aims to build more than 500 general aviation airports by 2020, according to the State Council, or cabinet.

($1 = 7.0665 Chinese yuan renminbi)

(Reporting by Beijing Newsroom)