China to boost support for aviation

%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20will%20increase%20support%20for%20the%20development%20of%20its%20aviation%20industry%20with%20new%20favorable%20policies%20and%20an%20expected%201.5%20trillion%20yuan%20%28%24231.9%20billion%29%20investment%20during%20the%20next%20five%20years%2C%20Shanghai%20Securities%20News%20reported%20on%20Monday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ELi%20Jiaxiang%2C%20head%20of%20the%20Civil%20Aviation%20Administration%20of%20China%2C%20said%20the%20State%20Council%20will%20release%20new%20guidelines%20for%20the%20aviation%20industry%20within%20the%20year%20to%20upgrade%20the%20industry%27s%20hardware%20and%20software%20environment.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20favorable%20policies%20will%20include%20investing%20more%20on%20airport%20infrastructure%2C%20subsidizing%20regional%20air%20transportation%2C%20and%20improving%20the%20research%20and%20development%20ability%20of%20domestic%20airplane%20makers.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22We%20should%20build%20two%20or%20three%20world-class%20airlines%20by%20market%20operations%20and%20government%20help%22%2C%20Li%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAnalysts%20said%20the%20new%20guidelines%20will%20lead%20to%20further%20integration%20of%20the%20industry.%3C/FONT%3E%3C/P%3E