China to U.S: 'You have no right to interfere in our deal with Germany'

Zhao Lijian

Zhao Lijian, China's foreign Ministry spokesman

China has hit back at the United States over Beijing’s quest to get a controlling stake in Hamburg’s port terminal, saying Washington has no right to interfere.

China’s foreign ministry spokesman Zhao Lijian expressed this to reporters at a daily briefing in Beijing on Thursday.

This came as a response to Washington’s caution against Beijing getting a controlling stake in the German company.

“Pragmatic cooperation between China and Germany is a matter for the two sovereign countries, the United States should not attack it without reason and has no right to meddle and interfere,’’ Zhao said a day before German Chancellor, Olaf Scholz was due in Beijing for a one day visit where he is expected to meet President Xi Jinping.

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Chinese shipping giant Cosco made a bid in 2021 to take a 35 per cent stake in one of logistics firm HHLA’s (HHFGn.DE) three terminals in Germany’s largest port, but Germany’s coalition was divided over the deal.

The German cabinet, on Oct .26, approved a 24.9 per cent stake investment by Cosco in what an economy ministry source described as an “emergency solution” to approve the deal but mitigate the impact.

The approved investment does not give Cosco any say in the management or strategic decisions.


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