Why is China angry about a plan to sell two ports on the Panama Canal? | Business and Economy News

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.

CK Hutchison shares soared following news of the deal on March 4, but…