BlackRock expects China won't block Panama ports sale

BlackRock believes China will not block the sale of two Panama Canal ports to an American-led consortium. This contradicts earlier reports that China's antitrust concerns would prevent the deal. The proposed agreement involves CK Hutchison Holdings selling its global port assets, including control of the two Panama Canal ports. BlackRock is leading the investor group for the $22.8 billion purchase. Previous reports suggested Chinese President Xi Jinping was unhappy about the sale to American interests. The US also expressed concern about China's increasing influence in the region.