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Old 7th February 2022 | 14:22
  #53 (permalink)  
anxiao
 
Joined: Dec 2016
Posts: 345
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From: Kipling's Twain
According to Bloomberg the loan is structured like a developing country loan. In 2026 the annual repayment will be more that Cathay Pacific have ever made as a profit in a year.

A developing country has to give a sea port or a third of its agricultural produce to offset the loan. Cathay will have to give most of itself. Such is "Capitalism with Chinese characteristics"
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