China ramps up criticism of BlackRock ports deal


Crucial waterway: A ship sails near the Balboa Port. Hong Kong’s CK Hutchison has agreed to sell its interests in a key Panama Canal port operator to a BlackRock-backed consortium amid pressure from Trump to curb China’s influence in the region. — Reuters

BEIJING: Chinese authorities have increased pressure on CK Hutchison Holdings Ltd over its plan to sell its Panama ports stake by sharing a second newspaper commentary attacking the deal.

The Hong Kong and Macau Affairs Office last Saturday reposted a commentary originally published in Ta Kung Pao, saying the planned sale of the ports by the Hong Kong company had triggered deep concerns among Chinese people and questioned whether the deal was harming China and aiding evil.

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