CK Hutchison Panama port deal questioned

Beijing officials have shared a second article by the Ta Kung Pao newspaper criticising the sale by Hong Kong conglomerate CK Hutchison of its Panama Canal ports – and dozens of other ports across the globe – to a US consortium.

CK Hutchison – the flagship firm of Hong Kong’s richest man Li Ka-shing – will reportedly make US$19 billion from the deal.

In the article, Ta Kung Pao questioned why CK Hutchison would want to sell to the US, which it described as having ill intentions.

US President Donald Trump has said he wants the US to take back control of the Panama Canal – and has not ruled out military force.

Ta Kung Pao also asked whether the transaction had taken the interests of the nation into account, saying those who choose to dance with the Americans have no future even if they make big money.

Last week, the liaison office and the Hong Kong and Macau Affairs office shared an earlier article by Ta Kung Pao calling on CK Hutchison to rethink the deal.

Beijing officials have shared a second article by the Ta Kung Pao newspaper criticising the sale by Hong Kong conglomerate CK Hutchison of its Panama Canal ports – and dozens of other ports across the globe – to a US consortium.

CK Hutchison – the flagship firm of Hong Kong’s richest man Li Ka-shing – will reportedly make US$19 billion from the deal.

In the article, Ta Kung Pao questioned why CK Hutchison would want to sell to the US, which it described as having ill intentions.

US President Donald Trump has said he wants the US to take back control of the Panama Canal – and has not ruled out military force.

Ta Kung Pao also asked whether the transaction had taken the interests of the nation into account, saying those who choose to dance with the Americans have no future even if they make big money.

Last week, the liaison office and the Hong Kong and Macau Affairs office shared an earlier article by Ta Kung Pao calling on CK Hutchison to rethink the deal.