Xi Jinping Angry Over Panama Ports Deal: WSJ

TaiwanPlus News

The Wall Street Journal says Chinese President Xi Jinping is angry with Hong Kong company C.K. Hutchinson's planned sale of Panama Canal ports. C.K. Hutchinson had announced plans to sell its interest in 43 ports, including those along the strategic canal, to a consortium backed by U.S. investment firm BlackRock.

Transcript

00:00Chinese President Xi Jinping is reportedly unhappy about a major port deal in the Panama

00:05Canal. That's according to the Wall Street Journal. Earlier this month, Hong Kong-based

00:10CK Hutchinson announced plans to sell the port's holdings to investors led by U.S. firm

00:15BlackRock in a deal worth nearly 23 billion U.S. dollars. Sources told the Journal that

00:22China had hoped to use the ports as leverage in trade talks with U.S. President Donald

00:26Trump. On Tuesday, Hong Kong's chief executive John Lee warned that the sale must comply

00:32with the law, hinting the deal could face trouble ahead.

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