Chinese regulators blocked CK Hutchison’s deal to sell two ports along the Panama Canal to a BlackRock-led consortium. The $22.8 billion transaction involved 43 port facilities globally, with the Panama Canal ports being key. President Trump viewed the deal as a move to mitigate Chinese security threats posed by their Panama Canal ports. However, Chinese President Xi Jinping reportedly disapproved, as the sale progressed without his consent. The transaction’s significance lies in its potential impact on geopolitical dynamics and security concerns linked to strategic control of the Panama Canal.
Tags #Media, #Politics, #WhiteHouse
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