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China's Xi kicks off opening of new $63bn Beijing airport

Daxing International expected to boost infrastructure growth despite trade war

Chinese President Xi Jinping gives his remarks at the launch ceremony for Daxing International Airport, feted as a new source for national development, in Beijing on Sept. 25.   © Reuters

BEIJING (Reuters) -- Beijing's new multi-billion dollar airport, Daxing International, was formally declared open by President Xi Jinping on Wednesday, days ahead of the 70th anniversary of the founding of the People's Republic of China.

The 450-billion-yuan ($63-billion) project, completed in less than five years, will give a boost to infrastructure growth, flagging amid the biggest economic slowdown in decades, as China and the United States remain locked in a trade war.

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