Translation Tuesday: Chinese Civil Airport Construction Accelerating in Africa

By Laiyin Yuan

Author: Qian Chunxian
Translator: Laiyin Yuan
Published on: 12/07/2014
Source: Xinhua News Agency
Original text (in Chinese): http://news.xinhuanet.com/fortune/2014-12/07/c_1113550648.htm

There is a Chinese saying: “if you want to get rich, build roads first.” Now, roads can also refer to airways, which are becoming increasingly important in the overall economic development of African countries. Chinese companies are undertaking many oversea airport construction projects, which will hopefully bring result in a true "win-win" outcome.
----Laiyin Yuan (Translator)

With the New Year looming, China's large-scale civil infrastructure construction strategy is focusing strong development initiatives through the idea of “stabilizing growth with airport construction.” On November 28, the National Development and Reform Commission (NDRC) announced the approval notices for four infrastructure construction projects, including three new railway projects, such as the Beijing-Zhangjiakou railway's Badaling section, as well as the second phase of Lanzhou Airport expansion project. These projects' total investment  reached 51.01 billion yuan ($8.29 billion dollars).

Li Jiaxiang, the Director of the China Civil Aviation Administration, stated that the civil aviation industry could be rapidly incorporated into the regional economic and social development strategy, because it requires fewer investments but has quicker effects and better ability to drive overall development. According to World Trade Organization (WTO) statistics, civil aviation currently accounts for about 15% of total global transportation, but its added value can account for nearly 50% of the global total.