Understanding China, One Blog at a Time

An American in China

Chinese “Logic”, 75% of Chinese Airports in Debt, So They Will Make 45 More- WTF

Posted by w_thames_the_d on February 24, 2011

This is pretty funny. China has 175 airports and only 45 of them or 25% of them are making cash. So tkhe chicoms in their infinite wisdom are going to ….. build 45 more…
Yeah, this is how China rolls, they build things, streets, buildings , cities , that eventually turn out to be ghost ghost towns. In reality it is a tremendous waste of resources, but what can you do….

excerpt from here:
“China is in the midst of a major airport expansion, planning four major hubs in the country and developing aviation links to its poorer and more remote regions in the far west.But many of these new airports have struggled to attract customers and languish with just a few flights a week, or none at all.

Out of the country’s existing 175 airports, around 130 are in the red with combined loss of 1.68 billion yuan last year, Li Jiaxiang, head of the Civil Aviation Administration of China told reporters.

Government subsidies for airports amounted to 6 billion yuan from 2006 to 2010, and Li pledged continuous financial aid as airports would be a boost to local economies, especially in remote areas, in the longer term, he said.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: