The United States cautioned Germany against allowing China to obtain a controlling stake in a Hamburg port terminal, a senior U.S. State Department official said on Wednesday, in a deal that has been seen as a gauge of how far Germany is willing to toughen its stance on its top trading partner.
Chinese shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA's
"The embassy was very clear that we strongly suggested that there'd be no controlling interest by China, and as you see when they adjusted the deal, there isn't," the senior State Department official, speaking to reporters on the condition of anonymity, said. The second senior State Department official said Washington has been working with European partners to ensure that any investments by China in strategic areas that raise security questions are looked in to carefully and that appropriate steps are taken.
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