New airports to boost business aviation

The man who tracks the wealth of China's high-net-worth individuals believes the government's plan to build scores of new airports in the next five years will boost the country's business aviation sector.

"It's brilliant news, and will help growth substantially," said Rupert Hoogewerf, publisher of the Hurun Report featuring China and global rich lists.

"The number of airports in China is very limited compared with countries where private aircraft ownership is high," he said in a telephone interview from Shanghai, where business aviation leaders will be gathering next month for a major conference.