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CN Reportedly Asks SOEs to Suspend New Investment Projects in Panama
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After Panama canceled the concession contract of CKH HOLDINGS (00001.HK)'s Panama Ports Company (PPC) for the Panama Canal port, China has taken extensive retaliatory measures, asking SOEs to halt negotiations on new projects in Panama, which are expected to involve several billion USD, Bloomberg quoted sources as saying. It is reported that China has required shippers to consider rerouting cargo to other ports without significantly increasing additional costs. Meanwhile, Chinese Customs also intensified inspections on Panamanian imports such as bananas and coffee. AASTOCKS Financial News Website: www.aastocks.com |
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