Data shows that in recent years, Chinese private and state-owned enterprises have invested billions of U.S. dollars in Panama. According to China’s Ministry of Commerce, as of 2023, more than 40 Chinese companies were operating in Panama, with 20 setting up their regional headquarters there. Their businesses span trade, finance, shipping, infrastructure, logistics, and real estate. Additionally, over 100 private Chinese companies are now engaged in trade in the Colón Free Trade Zone.
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