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US, China Raise The Stakes In Panama Canal Ports Row

China
International Business Times Fews App News Provider
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The CK Hutchison deal allowed US President Donald Trump to claim credit for "taking back" the Panama Canal (pictured) according to analysts AFP China's fury at the sale of Panama Canal ports to a US-led consortium reflects how container hubs have become prized currency as Beijing and Washington vie for global influence, analysts say. Hong Kong conglomerate CK Hutchison this month sold 43 ports in 23 countries -- including operations in the vital Central American canal -- to a group led by giant asset manager BlackRock for $19 billion in cash. After two weeks of rhetoric, Beijing hardened its response on Friday and confirmed that antitrust regulators will review the deal, likely preventing the parties from signing an agreement on April 2 as planned.

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