: :inin Kyiv (EET)

China ‘never paid businessman’ who bought aircraft carrier: report


BEIJING: The Chinese businessman who bought an unfinished Soviet-era vessel that became his country’s first aircraft carrier was never paid back the $120 million it cost him by Beijing, he was quoted as saying Tuesday.
Entrepreneur Xu Zengping paid Ukraine a $20 million fee for the Varyag, which was eventually commissioned into the People’s Liberation Army (PLA) Navy as the Liaoning, but the price ballooned once towing it to China — a process that was delayed for years — and other costs were included.
A former PLA basketball player, he was chosen to negotiate the acquisition, posing as a businessman who wanted …read more

Source: Free Malaysia Today

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