China has blocked a $23 billion deal that would have allowed U.S. investment giant BlackRock to acquire key port assets near the Panama Canal, citing national security concerns. This move highlights Beijing’s effort to maintain control over vital global trade routes and reduce Western influence in strategic infrastructure. The decision is likely to increase tensions between China and the U.S., delay BlackRock’s plans in Latin America, and possibly affect global supply chains and market sentiment. The Panama Canal has now become a focal point in the broader geopolitical and economic rivalry between the two powers.
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