Panama Ports Deal Hits Impasse as China Makes New Demands for Its Approval
Beijing threatens to block BlackRock-led deal to buy ports unless state-owned Cosco gets a majority stake
President Trump's push to loosen China's influence in the Panama Canal has hit a wall now that Beijing is demanding that China's largest shipping company get a controlling stake in a deal to sell dozens of ports to a BlackRock-led group.
The proposed sale includes two ports at the Panama Canal and more than 40 others around the world, all controlled by Hong Kong-based...
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