China has strongly condemned a proposed $22.8 billion sale of Panama Canal ports to BlackRock, calling it a "betrayal" and "spineless groveling."
The criticism, published by state-run media, sent shares in Hong Kong-based CK Hutchison tumbling over 6%, raising doubts about the deal’s viability.
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US President Donald Trump has repeatedly vowed to "take back" the canal from Chinese influence, though Panama retains control.
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