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Habeck opposes Cosco stake in Hamburg

German Vice Chancellor Robert Habeck has spoken out against an entry by Chinese shipping giant Cosco into the container terminal in Tollerort. “I’m inclined to say that we won’t allow it,” the German Economy Minister told Reuters on Tuesday. The container port Tollerort is only a small part of the overall port, but China could then influence trade, he said. “That’s why we have looked into it.” However, a decision by the cabinet was still pending. “But in fact, overall, I think we should be more critical of Chinese investments in Europe.”

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