Cathay "Pratica della mercatura", a guide about trade in China, a country he called "Cathay", noting the size of Khanbaliq (modern Beijing) and how merchants could exchange silver for Chinese paper money that could be used to buy luxury items such as silk. Words related to Khitay are still used in many Turkic and Slavic languages to refer to China. However, its use by Turkic speakers within China, such as the Uyghurs, is considered pejorative by the Chinese authority who had tried to ban it. As European and Arab travelers started reaching the Mongol Empire, they described the Mongol-controlled Northern China
Cathay Pacific agreements. It was fined US$60 million. The airline has subsequently set up an internal Competition Compliance Office, reporting to chief operating officer John Slosar, to ensure that the Group complies with all relevant competition and antitrust laws in the jurisdiction in which it operates. The breaches for which Cathay Pacific Cargo were being investigated in the US were not illegal under Hong Kong competition law. In September 2008, three of Cathay Pacific's top ten global accounts, Lehmann Brothers, AIG and Merrill Lynch, hit financial trouble. In March 2009, the airline reported a record full-year loss of HK$8.56 billion for 2008,