China Blocks Panama Canal Port Sale — Report Claims Xi Jinping Infuriated by Deal Sought Without His Approval
Chinese antitrust regulators on Friday blocked a deal by the Hong Kong-based CK Hutchison conglomerate to sell two ports along the Panama Canal to a consortium led by investment giant BlackRock. The $22.8 billion transaction between CK Hutchison, which is controlled by 96-year-old Hong Kong billionaire Li Ka-shing, and BlackRock involved 43 port facilities around…