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WORLD WATCH

International Business

June 23, 1994|From Times Staff and Wire Reports

China, Britain Near Accord on New Airport: The governments of the two nations, which are discussing funding for Hong Kong's new airport, could sign an accord as early as Friday, according to Chinese officials. The Sino-British Airport Committee, which must approve the funding agreement, will meet Friday morning to discuss financing of the $20-billion airport and railway link. Longstanding differences over debt financing remain a stumbling block, but not an insurmountable one, a Chinese official said.

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