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A map of China's overseas port network from The Economist.
Hong Kong's CK Hutchison Holdings Co., Ltd., which operates ports on both sides of the Panama Canal, agreed to sell a majority stake to BlackRock for $22.8 billion.
China may block the deal.
This massive deal would shift control of 42 port terminals across 23 countries, including key hubs such as the Panama Canal, Europe, and Asia, from a China linked Hong Kong conglomerate to a shipping giant (MSC’s TiL from Switzerland) and an investment powerhouse (BlackRock Infrastructure Partners).
If the deal is not blocked, China will lose a lot of influence in the port business and potential intel opportunities.
https://x.com/IndoPac_Info/status/1904712575356723637
BY Praying Medic News

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