China Likely to Bid on Building New Panama Canal Ports

Panama's Port of Balboa. (Photo by MARTIN BERNETTI / AFP)

China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite U.S. talk of retaking control of the vital trade route.

U.S. President Donald Trump made the threat earlier this year, alleging that China controls the strategic waterway because Hong Kong-based CK Hutchison Holdings operates existing ports at either end — Cristobal on the Atlantic, and Balboa on the Pacific.

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by Agence France-Presse

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