💰 China says US has 'no right' to interfere in Hamburg port deal

TL;DR

BEIJING, Nov 3 (Reuters) - The U.S has "no right" to interfere in Chinese cooperation with Germany, China's foreign ministry said Thursday, after Washington cautioned against Beijing getting a controlling stake in Hamburg's port terminal.U.S. interference is symptomatic of its practice of coercive diplomacy, foreign ministry spokesman Zhao Lijian told reporters at a daily briefing in Beijing."Pragmatic cooperation between China and Germany is a matter for the two sovereign countries, the United States should not attack it without reason and has no right to meddle and interfere," Zhao said Thursday, a day before German Chancellor Olaf Scholz was due in Beijing for a one day visit where he is expected to meet President Xi Jinping.Chinese shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA's (HHFGn.DE) three terminals in Germany's largest port, but Germany's coalition was divided over the deal.Last week the German cabinet approved a 24.9% stake investment by Cosco in what an economy ministry source described as an "emergency solution" to approve the deal but mitigate the impact."

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