The German cabinet agreed on a compromise in the dispute over Chinese shipping giant Cosco buying a stake in a Hamburg port terminal. The compromise allows Cosco to take a stake "below 25 percent" instead of the the initially planned 35%. The initial deal was widely criticized as it would have given Cosco a major stake in Germany's largest port.
A dispute between German Chancellor Olaf Scholz and several government ministries had ensued over the bid, leading to the negotiation of the newly-announced compromise.
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#Hamburg #China #Cosco
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