China Threatens to Block Panama Ports Deal Unless Its Shipping Giant Is Part of It
China's government is threatening to block a deal that would transfer ownership of dozens of seaports to Western investors if Cosco, China's largest shipping company, doesn't get a stake.
The proposed sale includes two ports at the Panama Canal and more than 40 others around the world, all owned by Hong Kong-based CK Hutchison.
China is pushing for state-owned Cosco to be an equal partner and shareholder of the ports with BlackRock and Mediterranean Shipping Co., a containership operator, according...
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