As China blocks terminals deal, BlackRock chief says ports ‘will define the future’

The head of one of the largest global investment managers says the decisive ports for the future infrastructure of the global economy, such as data centers and energy networks.

This is the reason why the company has destroyed itself to convert itself into a leader in the private markets, whenever it is better to obtain what it appreciates to be a $ 68 trillion infrastructure.

“The assets that will determine the future- the centers of Data, ports, energy networks and the fastest private companies in the world- are not available to most investors.” “They are in private markets, closed behind high walls, with gates that open only for the wealthy or the largest market participants.”

Blackrock (Nyse: BLK), which is based in New York, announced in February that it is cooperating with the giant MSC to ship Geneva to acquire most of the CK Hutchison (0000.hk) from Hong Kong in a $ 23 billion deal that can change the balance balance in the shipping of containers.

But this week, China prevented the sale, which includes stations in the Punitive Ports in Christopal and Bulbua, near Panama, saying it had planned an official review.

Fink said that the agreement in principle covers the stations on a network of 43 outlets in 23 countries. “One in 20 shipping containers move all over the world pass through these ports every year.”

Fink said that the deficit spending suffocates infrastructure financing by governments, which will only be asylum to benefit from private investment.

Between 2024 and 2040, global infrastructure will require an investment of $ 68 trillion, and Fink -2 trillion dollars said only in the ports.

“Meanwhile, companies will not only depend on banks for credit.” “Banking lending is restricted. Instead, companies will go to the markets. The money is already. In fact, today’s capital sites more than any time in my career. In the United States alone, about $ 25 trillion is stopped in banks and money market funds.”

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