Beijing plans to begin construction on a new CNY86 billion ($14 billion) airport in Daxing, possibly before July, according to an industry insider. It is expected to open in 2018. The new airport—which is expected to serve Beijing, Tianjin and Hebei—will be able to handle an annual passenger volume of 45 million in 2020, 72 million in 2025 and 100 million in the longer term. Industry analysts say the new airport will help to ease pressure on Beijing Capital Airport (PEK), which ...

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