Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings has called for the rule of law to be respected after Panama took legal action to nullify its ports contracts, with the country’s leader also suggesting its operations be taken over by state partnerships. Legal experts said on Friday that the Hong Kong-based conglomerate could face “significant…
Hong Kong’s CK Hutchison Holdings may win Beijing’s support through its plan to bring in a mainland Chinese company as a strategic investor in the controversial sale of its global port stakes, but the change in tack has also fuelled uncertainty, experts have said. Analysts said that the planned US$23 billion deal to sell CK…
China offered to strengthen economic ties with Brazil on Monday and defend what it called “fairness” in global trade, days before sweeping US tariffs on Brazilian exports are set to take effect. At a news briefing in Beijing on Monday, Chinese Foreign Ministry spokesman Guo Jiakun said that Beijing was willing to work together with…
China has confirmed that it barred a senior Wells Fargo executive from leaving the country, saying it banned her exit because of a “criminal case” investigation. Last week, reports surfaced that Chenyue Mao, an Atlanta-based managing director at the American banking giant and a United States citizen, had been stopped from leaving China. In response,…
Bilateral ties with the EU are at a “crucial juncture,” China said on Monday, ahead of an upcoming leaders’ summit in Beijing. “China and the EU are holding the summit at this time which is of great significance and receives international attention,” Foreign Ministry spokesman Guo Jiakun told a news conference in the capital. President…
Beijing has urged the international community to step up efforts to de-escalate the conflict between Iran and Israel, warning that the fallout could damage the global economy as Tehran threatens to block the Strait of Hormuz – one of the world’s most important shipping routes. A blockade of the strait, which handles roughly 20 per…
China has “no fundamental conflict of interest” with New Zealand, President Xi Jinping told New Zealand Prime Minister Christopher Luxon in Beijing on Friday while calling for the constructive management of differences. “Both sides should adhere to mutual respect, seek common ground while acknowledging differences, and correctly view and manage their differences and disagreements,” Xi…