Summary
China criticized the proposed $22.8 billion sale of CK Hutchison’s Panama Canal ports to a BlackRock-led consortium, calling it "economic coercion."
Hong Kong’s leader also condemned "bullying tactics" in global trade. Beijing reportedly ordered regulators to examine the deal for security or antitrust concerns.
CK Hutchison’s shares fell 5% amid uncertainty over whether the sale will proceed. The deal includes the Balboa and Cristobal ports and stakes in 43 other ports worldwide.
Analysts say China’s opposition could derail the transaction.