I don't see loan amortization as weakness, instead, I view it as a good long term asset-owning strategy. I think the current reits' way of refinancing poses great risk, maybe one day even destroy reits as an asset class.
toll-road in China could be a very bad business in the near future. The Chinese government is trying their best to reduce logistic cost, which highway toll contributes a great part. There are a lot of talks about reducing or even removing highway toll to reduce operation cost, thus CPI will fall greatly.
toll-road in China could be a very bad business in the near future. The Chinese government is trying their best to reduce logistic cost, which highway toll contributes a great part. There are a lot of talks about reducing or even removing highway toll to reduce operation cost, thus CPI will fall greatly.