Hutchison megadeal reveals dark side of container shipping
What money cannot buy
Over the past week the probability that the Chinese government was caught unawares by the Hutch-BlackRock-TiL deal has risen exponentially, if noises out of Beijing are interpreted correctly.
The latest, broken by Bloomberg, is that China has barred its state-owned firms from doing business with CK Hutchison.
Honouring the traditions of journalistic attribution, here’s Bloomberg’s first three paras:
China has told state-owned firms to hold off on any new collaboration with businesses linked to Li Ka-shing and his family, according to people familiar ...
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