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Taiwan quietly lets Chinese state company take over port area

Blocked in US by Trump, Cosco gains indirect control over Kaohsiung terminals

The port in Kaohsiung in southern Taiwan   © Reuters

TAIPEI/HONG KONG -- When Chinese state-owned shipping line Cosco Shipping Holdings unveiled a $6.3 billion deal to buy smaller competitor Orient Overseas (International) last year, Orient's ownership of port terminals in the U.S. and Taiwan appeared to pose a potential regulatory obstacle.

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