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<blockquote data-quote="fishtm2001" data-source="post: 4571467" data-attributes="member: 54375"><p>"The Paycheck Protection Program, which was created as part of a $2.2 trillion relief package signed in March, was devised to help small businesses with fewer than 500 workers cover payrolls and overhead expenses while much of the economy was shuttered. </p><p></p><p>But the rules of the program also allowed U.S. subsidiaries of foreign-owned companies to apply for and receive loans. Among the companies highlighted in the report were Continental Aerospace Technologies, which received a loan of up to $10 million, and Aviage Systems, which received a loan of up to $350,000. The companies are owned by Aviation Industry Corp. of China, a state-owned conglomerate that the Department of Defense classified this year as a Chinese military company. "</p><p></p><p>NYT's</p><p></p><p>That's nice.</p></blockquote><p></p>
[QUOTE="fishtm2001, post: 4571467, member: 54375"] "The Paycheck Protection Program, which was created as part of a $2.2 trillion relief package signed in March, was devised to help small businesses with fewer than 500 workers cover payrolls and overhead expenses while much of the economy was shuttered. But the rules of the program also allowed U.S. subsidiaries of foreign-owned companies to apply for and receive loans. Among the companies highlighted in the report were Continental Aerospace Technologies, which received a loan of up to $10 million, and Aviage Systems, which received a loan of up to $350,000. The companies are owned by Aviation Industry Corp. of China, a state-owned conglomerate that the Department of Defense classified this year as a Chinese military company. " NYT's That's nice. [/QUOTE]
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