Cathay's Taiwan question

There is one company that canÆt have been pleased by recent events in Taiwan, namely Cathay Pacific.

The Hong Kong-based airline is set to suffer as China and Taiwan begin a period of dTtente on the travel front. Over the Christmas period, China allowed the first vessels in 50 years to sail directly between islands off Taiwan and its own mainland.

This is the momentous first crack in a Chinese policy that banned all direct routes between China and Taiwan. The policy was eminently logical after all, how could you have direct routes to a country that you dont even recognize as existing.

This same policy has benefited Cathay Pacific enormously as Taiwanese business travellers have had to fly via Hong Kong to get to China a ludicrous situation. And...

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