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China-owned shipping giant gets toehold in German port with controversial deal | South China Morning Post

Story summary

Major state-owned Chinese shipping company Cosco will be allowed to hold a stake of up to 24.9 per cent in one of the terminals at Hamburg port, the German government announced on October 26, 2022. The decision to cap the shareholding was described as being a way to keep Cosco from being involved in strategic decisi…

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