2 Panama Canal ports have dragged Panama into a tussle between superpowers [Los Angeles Times (CA)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Los Angeles Times
Even before taking office for his second term, President Trump complained that China was running the Panama Canal. The Panamanian government, which operates the canal, strongly denied that. In late January, Panama's Supreme Court ruled that the concession made to a local subsidiary of Hong Kong's CK Hutchison was unconstitutional. This week, the Panamanian government occupied the two ports and designated two other companies to keep them running until the concession can be rebid. And on Thursday, investigators removed boxes of documents from Panama Ports Co. offices. China is not happy and threatened consequences for Panama. President José Raúl Mulino responded Thursday, telling China “be careful,” adding: “They need us more than we need them.” Here is a look at the ports that have the attention of two of the world's superpowers: Two key ports Although Panama is not a big importer or exporter of goods, its canal has made the country of 4 million residents a critical internat
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