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Panama Fights for Control as China’s $50 Billion Canal Project Tips Global Trade
Panama is grappling with mounting pressure as China advances its $50 billion canal project, which threatens to reshape global shipping routes. The new canal, positioned as a rival to the Panama Canal, offers an alternative passage that could significantly divert maritime traffic and trade. As international shipping companies explore more efficient and cost-effective options, Panama's strategic dominance in global trade is being challenged. The project also reflects China’s growing influence in global infrastructure and commerce, deepening competition between East and West. With billions at stake, Panama now faces a pivotal moment that could redefine its role in the global economy.