Beijing’s veiled attack on Hong Kong’s CK Hutchison for selling its Panama Canal ports by posting a blistering newspaper commentary against it is an attempt to pile pressure on the conglomerate to either axe the deal or negotiate better terms that protect the national interest, observers have said. But the experts warned on Friday that…
Beijing’s veiled attack on Hong Kong’s CK Hutchison for selling its Panama Canal ports by posting a blistering newspaper commentary against it is an attempt to pile pressure on the conglomerate to either axe the deal or negotiate better terms that protect the national interest, observers have said. But the experts warned on Friday that…
Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings, which recently sold its Panama Canal ports, should think twice about which side it wants to stand with, according to a scathing newspaper commentary posted by Beijing’s top office for the city’s affairs on its website. Citing criticisms calling the deal a “betrayal of all Chinese…
Ever since the start of Donald Trump‘s Presidency, he has been talking about China’s involvement in the Panama Canal and how he would like to reclaim the Panama Canal from the grips of the Asian country. However, it now looks like these talks and pressurizing are yielding some fruit as Asian investors are now agreeing…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China pledges to spend more an hour before Donald Trump promises to cut back Two starkly divergent views of the future were laid out on opposite sides of the…
Hong Kong stocks rose on Wednesday, led by a record surge in one of the city’s largest companies after CK Hutchison Holdings disposed of assets near the Panama Canal amid US-China tensions and an unfolding trade war. The Hang Seng Index advanced 1.1 per cent to 23,203.85 as of 11.12am local time. The Hang Seng…
CK Hutchison Holdings is one of Hong Kong’s largest conglomerates, spanning finance, retail, infrastructure, telecoms and logistics. File | Photo Credit: Reuters A Panama court has agreed to review the concession granted to a Hong Kong-based firm to operate ports on either end of the Panama Canal — the source of U.S. President Donald Trump‘s…
By lodging its case with the WTO, the Hong Kong government may think it is taking a principled stance against US trade bullying. Unfortunately, this bully can’t be reasoned with; he beats his chest each time he flouts international law and norms shouting, “America first”. After all, this is US President Donald Trump 2.0 who…
China has summoned the Panamanian ambassador to complain about the country’s decision to pull out of the Belt and Road Initiative. Assistant foreign minister Zhao Zhiyuan said on Friday that Beijing “deeply” regretted the decision, according to the foreign ministry. Panamanian President José Raúl Mulino said he had given the required 90-day notice of withdrawal,…
Beijing — China on Friday lashed out at what it called U.S. “coercion” after Panama declined to renew a key infrastructure agreement with Beijing following Washington’s threat to take back the Panama Canal. Foreign Ministry spokesperson Lin Jian said at a briefing that China “firmly opposes the U.S. smearing and undermining the Belt and Road cooperation…