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A friend at every port
HOME > PAST ISSUE > REPORTS [Premium content]February 2007
Chinese companies are buying their way into ports in Latin America and their investments are welcome
A few months ago, the government of Ecuador decided to change its laws and allow a Hong Kong-based company to bid for the port of Manta, one of the most important in the region.
After some delays and serious doubts over the whole process (Ecuador is one of the most corrupt countries in Latin America), the contract went to Hutchinson Whampoa, owned by Hong Kong mogul Li Ka-shing.
According to the deal - the details of which were thrashed out behind closed doors - Hutchison ...
After some delays and serious doubts over the whole process (Ecuador is one of the most corrupt countries in Latin America), the contract went to Hutchinson Whampoa, owned by Hong Kong mogul Li Ka-shing.
According to the deal - the details of which were thrashed out behind closed doors - Hutchison ...
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