Panama ports defeat shows China faces tougher test in Latin America



Panama ports defeat shows China faces tougher test in Latin America
China said Panama risks paying a “hefty political and economic price” following the cancellation of Hong Kong-based CK Hutchison Holdings’ contract to operate two major ports serving the Panama Canal.
“The Panamanian authorities’ insistence on this despite widespread concerns is tantamount to shooting themselves in the foot,” China’s Hong Kong and Macau Affairs Office said in a commentary posted on its WeChat account on Tuesday. The decision by the Panama Supreme Court “is legally unfounded and…

  • Related Posts

    Hit from memory costs spreads from phones to EVs as China’s BYD raises driving-tech price

    The impact of sky-high costs for memory chips is spreading from smartphones to cars, as China’s electric vehicle (EV) king BYD announced a 21 per cent price increase for its…

    Continue reading
    Hong Kong penthouse sells for US$54m to mainland Chinese buyer as luxury demand spikes

    A top-floor residence at High Peak in Hong Kong’s Mid-Levels West neighbourhood has sold for HK$420 million (US$53.7 million) as activity in Hong Kong’s high-end housing segment remains heated after…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *