Billions In Chinese Investment To Flee Panama - Beijing Livid Over Canal Ports Decision [zero hedge]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: zero hedge
Billions In Chinese Investment To Flee Panama - Beijing Livid Over Canal Ports Decision China is lashing out at Panama after the country's top court torpedoed a key Chinese-linked operations contract at the Panama Canal, warning that the Central American nation "will inevitably pay a heavy price" if it doesn’t reverse course. Under immense US pressure from the Trump White House, Panama’s Supreme Court last week ruled to void the operating license of Hong Kong–based CK Hutchison for ports on both ends of the canal - Balboa on the Pacific side and Cristóbal on the Atlantic. via AFP The decision effectively ejects a Chinese/HK-connected operator, specifically the Panama Ports Company which is the subsidiary under CK Hutchison, from one of the world's most strategic maritime chokepoints. This was celebrated as a win by Washington, as President Trump has long made clear his intention to reassert American influence and control over the Panama Canal. Starting early in his administration Trum
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News
- Panama's president says port contracts will not be issued to a single operator [Yahoo! Finance Canada]Yahoo! Finance Canada
- Panama will not be threatened by China over canal court ruling, leader says [Yahoo! Finance Canada]Yahoo! Finance Canada
- The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]CNN
- The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]CNN
- Panama targeted Canal ports contract, China company claims [Yahoo! Finance]Yahoo! Finance