China Furious Over Hong Kong’s Company Sale of Panama Canal Ports
Chinese authorities are investigating a major transaction involving Hong Kong company CK Hutchison's plan to sell its global ports business, including Panama Canal assets, to US investment firm BlackRock. Multiple Chinese agencies began examining the $22.8 billion deal on Tuesday, according to Bloomberg News. President Donald Trump previously celebrated the potential sale while expressing concerns about Chinese control of the strategic waterway. Following the deal's announcement, China's Hong Kong and Macau Affairs Office shared commentaries criticizing the sale as betraying national interests. The transaction is reportedly being reviewed for security risks and antitrust violations at the direction of senior Chinese leadership. Beijing's Foreign Ministry spokesperson deflected questions about the investigation but emphasized China's opposition to "economic coercion and bullying" that undermines legitimate rights of other countries. Hong Kong's leader John Lee echoed these sentiments, urging foreign governments to provide fair […]