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Al Jazeera
Al Jazeera
Business
Erin Hale

Why is China angry about a plan to sell two ports on the Panama Canal?

CK Hutchison Li Kashing China Hong Kong Beijing Ronny Tong Panama Panama Canal the Panama Canal Donald Trump
Cranes load a cargo ship at the Panama Canal's Balboa Port in Panama City, Panama, on September 9, 2024 [Matias Delacroix/AP]

CK Hutchison, one of the largest conglomerates in Hong Kong, earlier this month announced plans to sell its stake in two ports on the Panama Canal to a group of US investors led by BlackRock.

The plan, part of a $22.8bn megadeal that would grant the consortium control over more than 40 ports in 23 countries, followed complaints by United States President Donald Trump that the key shipping route was under Chinese control.

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