Does Airport Preferential Policy Aggravate the Competition of Aviation Hubs in Central and Western China? Based on the Investigation of 78 Airports

China’s regional economic competition is intensifying; in particular, the cluster development of air transport, high-end manufacturing, and modern service industries is closely related to the construction of regional airports. Local governments have listed aviation hubs as the hardcore advantage of high-quality growth in the new era, but it may also lead to excessive convergence and preferential system competition. Based on the “GDP competition” of local governments in China, this paper uses panel data of 78 airports in mainland China from 2001 to 2018 and tries to explore the causes of airport preferential policies. The Synthetic Control Method is used to study the influence of preferential policies on airport passenger and cargo flow, and then the Spatial Durbin Model is used to verify the spatial spillover effect of aviation hubs, which may be magnified by the preferential policies. This paper finds that the impact of preferential policies on airports in central and western China is mainly reflected in the increase of cargo throughput, and there is a spatial siphon effect on cargo throughput between airports. The implementation of the preferential policy enhances this spatial siphon effect, which in turn leads to more fierce competition. The research results show that the preferential policies, issued in central and western aviation economy, have shown a trend of evolving in the direction of vicious competition. Before the airport preferential system produces more negative effects, it should be corrected in time, and each aviation economic zone in the central and western regions should be scientifically coordinated and reasonably planned.