Germany allows smaller Chinese stake in Hamburg port

Berlin (AFP) Oct 26, 2022

Germany's coalition government on Wednesday allowed a Chinese firm to take a smaller-than-planned stake in a Hamburg port, after Chancellor Olaf Scholz resisted calls to ban the controversial sale outright. Under the compromise reached by Scholz's cabinet, Chinese shipping giant Cosco will be allowed to buy a stake "below 25 percent" in a container terminal owned by HHLA, the economy ministr