The Chinese government has publicly criticized the proposed sale of ports by Hong Kong's CK Hutchison to an investment group led by BlackRock, an American firm. This deal, worth $19 billion, would transfer control of critical shipping points including those at either end of the Panama Canal, which is vital for Chinese trade with Latin America. The criticism signifies a notable shift in China's stance on its influence in Panama, reflecting broader concerns over U.S. economic policies and potential shifts in global shipping routes as tensions rise between the two nations.
The planned port deal by CK Hutchison to an American investment group has drawn sharp condemnation from the Chinese government, highlighting concerns over maritime influence and trade.
China warns that if the U.S. gains control over the Panama Canal through this deal, it would severely affect China's shipping and trade interests with Latin America.
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