China State of Council issued Consultation on Civil Aviation Industry Growth yesterday.Several targets in the industry were set by the year 2020.

Total transportation volume is set to reach 170 billion FTK(freight tonne kilometre) in the year 2020, almost three times comparing with the figure 57.74 billion FTK in 2011, and have to increase with average yearly growth rate of 12.2 percent.

Total transportation time is set to reach 2 million hours, increase at 19 percent annual rate, while aviation service is set to cover 89 percent of the whole population, and average aviation transportation for each person is set to be 0.5 times.

As Liu Shaoyong, Chairman of China Eastern Airlines, said in a few days ago that 3/4 of Chinese people have never taken flights, the goal is not at the fingertips.

China now is the second biggest airlines market in the world in terms of transportation volume, with Beijing Capital Internation Airport being the second largest passenger transportation airport, and shanghai Pudong International Airport being third largest cargo airport.

China's aviation industry has been growth at 17.6 percent annual rate in the past 30 years, higher than GDP annual growth rate 10 percent.

But net profits decreased 13.9 percent though turnover increased 21.2 percent last year. Civil Aviation Administration of China (CAAC) figures show that the passenger volume growth rate has declined from 13 percent in January to 6.9 percent in April, and average monthly passengers growth rate was 8.7 percent in the first half year.

Though aviation companies are bearing high debt ratio, the industry completed 22 billion investment in the first half year, adding 89 planes and started 6 new airports. But it's far from

China's goal to build 70 new airports within the next 3 years and buy on average more than 300 planes each year until 2015, while 70 percent of airports in the west China were reported bearing a loss this year.