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Cosco entry comes at a high political price for Scholz

Hamburg’s port is becoming just a little more Chinese. Instead of the planned 35 percent, Cosco will now only take over 24.9 percent of the shares.

When a ministry issues a “partial prohibition” at the same time as a permit, this is the communicative equivalent of loudly grinding teeth. At the request of the German chancellor, the house of Economy Minister Robert Habeck had to permit the entry of the Chinese shipping company Cosco into a terminal of the Port of Hamburg. However, it accompanies the process with the most negative tone possible.

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