China, Hong Kong threaten to thwart sale of Panama Canal ports to America's BlackRock
- Experts suggest that Hong Kong and Chinese regulators oppose the deal, fearing it threatens China's trade and the Belt and Road Initiative.
- A pro-Beijing newspaper advised CK Hutchison to stop the sale, citing a law safeguarding China's sovereignty.
- U.S. Secretary of State Marco Rubio stated that the Panama Canal cannot become a Chinese outpost, highlighting tensions over the deal.
53 Articles
53 Articles
Commentary: Even Hong Kong’s Li family can’t escape the politics of China-US rivalry
For two weeks, Hong Kong’s richest family, led by Li Ka-shing, held firm against Beijing over the planned sale of its Panama ports assets to BlackRock. That, in itself, is truly extraordinary, says former SCMP editor-in-chief Wang Xiangwei.
How a 43-port business deal threatens China’s global power
How far is China willing to go to protect its geopolitical interests overseas? As a Hong Kong company prepares to sell 43 ports to a U.S.-led group, Beijing has launched a campaign to modify – or ideally stop – the deal.
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