Trump was touting his Panama victory. Then China stepped in. [MSNBC.com]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
Company Research
Source: MSNBC.com
HONG KONG —President Donald TrumpPanama CanalChinaThe $23 billion sale involving two ports run by CK Hutchison, a private company based in the Chinese territory ofHong KongU.S. investment firm BlackRockBut an agreement between the two has been delayed under pressure from China, whose market regulator launched a review of the deal as state-run newspapers attacked it as undermining China’s national interests.NBC News takes a look at the sale and what it may mean politically and economically for the United States and China, the world’s two biggest economies.Why is it important?During Trump’s inaugural speech in January, heTrump did not rule out military action and hasdirected the Defense Department to draw up plansPanama denies Trump’s accusations about the neutrality of the canal, which is enshrined in its constitution. But in an attempt to relieve the pressure from Washington, in January the country launched an audit of CK Hutchison’s Panama Ports Company (PPC), which since 1997 has o
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