--FILE--Aerial view of the Beijing Capital International Airport in Beijing, China, 10 September 2013.
China¯s top economic planning agency approved plans for a second international airport in Beijing at a cost of 80 billion yuan ($12.9 billion), aiming to ease congestion at the capital city¯s main hub. A civil aviation development fund will provide 18 billion yuan, while state-owned Capital Airports Holding Co. will contribute 6 billion yuan and private funding will be °aggressively± pursued, the National Development and Reform Commission said in a statement Monday (15 December 2014). China¯s growing middle class is fueling a travel boom in the world¯s second-largest economy. Air-travel demand in Asia is projected to expand 5.7 percent in the four years through 2017, the second-fastest pace in the world, with routes within or connected to China being the single largest driver, according to an International Air Transport Association study last year.