I'm going to tell a story about airlines, so the temptation to use metaphors such as smooth takeoff and hard landing will follow me like a first-class passenger chasing a drink cart. But the only metaphor worth knowing is the aviation axiom of balancing lift and thrust against weight and drag.From an investor's point of view, China's top three airlines have too much weight and drag to stay airborne in world financial markets.
Steer Clear of This Chinese Industry
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