Germany eyes allowing smaller Chinese stake in Hamburg port: govt source

Berlin (AFP) Oct 25, 2022

Berlin is nearing an agreement to allow a Chinese firm to take a smaller than planned stake in a Hamburg container terminal to overcome Chancellor Olaf Scholz's opposition to an all-out ban, a government source said Tuesday. Chinese shipping giant Cosco had sought a 35-percent stake and the deal would have automatically gone ahead despite opposition from several German ministries if an "emer