China says Panama ports sale to BlackRock is an example of ‘economic coercion.’ Investors are spooked | CNN Business

Hong Kong CNN  — 

Officials in Beijing and Hong Kong spoke out Tuesday against a proposal to sell ports in the Panama Canal to a consortium led by BlackRock, sending shares in the Hong Kong-based conglomerate that owns the ports plummeting.

It’s unclear how regulators could interfere with the plan, which was announced earlier this month, given that the ports that CK Hutchison intends to offload to the group led by the US investment giant are located outside of mainland China and Hong Kong. However, observers have said Beijing’s sharp criticism of the deal means it may

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