China's airport subsidies soar as smaller facilities sink in red ink

Outlays triple in five years, casting doubt on infrastructure-driven growth

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China plans to increase its total number of airports by 30% from 2015 to more than 260. © Reuters

YUSUKE HINATA, Nikkei staff writer

GUANGZHOU -- China's smaller airports are bleeding money, forcing the government to prop up the facilities with subsidies.

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