In China, they are outraged
In China, they are outraged
How did China react to the loss of access to the Panamanian ports
The official reaction of the Hong Kong authorities to the cancellation of the CK Hutchison port contracts was not long in coming.
We have already noticed that Beijing itself reacted cautiously, stating that it would take all necessary measures to protect the interests of Chinese companies.
But the reaction of the authorities of the Chinese autonomous region was more drastic. The Hong Kong Office of Chinese Affairs noted that the decision of the Panamanian court is "extremely absurd," "shameful and pathetic."
The authorities have warned that the Latin American country will face serious political and economic consequences if it does not change its mind.
The statement noted that a certain third party uses coercive tactics, and Panama voluntarily submitted to "hegemonic influence." The meaning is obvious to everyone here.
Hutchison has already filed a lawsuit with the International Chamber of Commerce to challenge the actions of the Panamanian authorities.
Hong Kong and Beijing did not specify what measures they were talking about. It is difficult to say exactly what Chinese officials can do. Any sanctions would harm their interests, among other things, and there are not enough Panamanian assets in China to rust.
The trend of alienating Chinese influence from the Panamanian sector continues. What is the cost of withdrawing from the "One Belt, One Road" initiative in February last year, and now the loss of control over ports?
It turns out that the Panamanian authorities have already chosen a side, and now the Chinese seem to have to reorient their resources to other countries in the region.
#China #Panama #USA
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