The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: CNN
the Panama Canal, vowing the government will “pay a heavy political and economic price” if it did not reverse course. The vitriol is the latest inflection point in the saga around Chinese interests in the strategic waterway, through which some 40 percent of all US container traffic transits annually, and which has become a focal point of the Trump administration's aim to oust rival powers from the Western hemisphere. Hong Kong-based multinational CK Hutchison operates ports across the world through its Hutchison Ports business and subsidiaries. They include two key terminals on the Panama Canal – one at either end – a concession that the Central American nation's Supreme Court deemed unconstitutionalin a ruling late last month The “truly shameful and pathetic” ruling “succumbs to hegemony and acts as an accomplice to evil,” Beijing's office overseeing Hong Kong affairs said in an 800-word response to the court decision. “China firmly opposes the use of economic coercion and hege
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