OPINIONSLIDE

China painfully kicks US over Panama ports

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Dr. Ahmed Mostafa writes

Alhamdulillah (thanks God), the Chinese administration scuttled the deal to acquire Panama’s ports in favor of the US-based Blackrock Group. The Chinese state owns about 43% of its value, which its owner, CK Hutchison, one of the largest Chinese terminals handling management groups in the world, including the Panama Canal ports, wanted to sell to the American group Blackrock. The state scuttled the deal because it conflicted with China’s domestic anti-monopoly laws and was seen as a betrayal of the Chinese people.

The Li family of Hong Kong (owners of the CK Hutchison Group) has been ignored by the Chinese state, as Britain and America believe they still control the Chinese province, which was returned to China in 1996.

Of course, this is a chapter in China’s superiority in its trade war with the United States, which Trump believed that this channel could be acquired either by force, or by circumventing some of his friends’ groups, including the American BlackRock.

aldiplomasy

Transparency, my 🌉 to all..

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