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China condemns ‘economic coercion’

Purton L by Purton L
31 March 2025
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China condemns ‘economic coercion’
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China on Monday reaffirmed its resolute opposition to moves that infringe upon and undermine other countries’ legitimate rights and interests through economic coercion, hegemonic practices or bullying.

Foreign Ministry spokesman Guo Jiakun made the remarks in response to a media query related to CK Hutchison’s planned sale of certain port assets to a BlackRock-led group.

“We have taken note of relevant reports,” Guo said at a regular press briefing, adding that “the State Administration for Market Regulation is aware of the deal and will conduct a review in accordance with the law to ensure fair market competition and protect public interests.”

Guo emphasised that China has always firmly opposed the use of economic coercion and bullying to infringe upon and undermine the legitimate rights and interests of other countries.

Meanwhile, the Hong Kong and Macau Affairs Office has reposted another article by the Ta Kung Pao newspaper criticising the proposed sale.

The article quoted Hong Kong business and political figures as saying deals like this may involve national interests, and CK Hutchison should consider how its decision would impact the SAR and the country. (Additional reporting by Xinhua)

Tags: Hong Konglocal
Purton L

Purton L

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