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flag Panama won't renew its deal with China's Belt and Road Initiative, favoring new U.S. investment instead.

flag Panama's President José Raúl Mulino announced that the country will not renew its 2017 memorandum of understanding with China to join the Belt and Road Initiative, following a meeting with U.S. Secretary of State Marco Rubio. flag The decision addresses U.S. concerns over China's influence near the Panama Canal, which remains under Panama's sovereignty. flag Panama plans to explore new investment opportunities with the U.S.

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