China has sharply criticized a proposal to sell ports in the Panama Canal to American asset management giant BlackRock, attacking the deal as “spineless groveling” and a “betrayal” of the Chinese people.

Chinese authorities increased pressure on CK Hutchison Holdings Ltd. over its plan to sell its Panama ports stake by sharing a second newspaper commentary attacking the deal.Most Read from BloombergTr

China's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary criticizing CK Hutchison's port deal with U.S. firm BlackRock as a betrayal of