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China to take over HNA as coronavirus hits business: Bloomberg

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China plans to take over HNA Group Co and sell off its airline assets, as the co...

It began unwinding those bets two years ago to shift the focus to its core airlines and tourism businesses, after drawing scrutiny from Beijing and other overseas regulators.

The company has in recent weeks come under pressure from the new coronavirus outbreak in China which has forced airlines to cancel thousands of flights.

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down goes Frasier, down goes Fraiser

That was shockingly quick...

China's economy will collapse and it will have to start over from scratch, gosh knows it had to happen.

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Source: BusinessInsider - 🏆 729. / 51 Read more »