Posted on 04/01/2025 6:09:34 AM PDT by george76
China has held up the $23 billion sale of dozens of ports worldwide — including two key ports in the Panama Canal — to a group led by US investing giant BlackRock after President Trump expressed concern about Beijing’s sway over the strategic shipping lanes.
On March 4, CK Hutchison, a Hong Kong-based conglomerate controlled by 96-year-old billionaire Li Ka-shing, announced plans to sell 43 port facilities globally — including critical ports at both ends of the Panama Canal and near the Suez Canal — for approximately $22.8 billion.
But China’s State Administration for Market Regulation unexpectedly initiated an investigation on Friday into potential violations of Chinese anti-monopoly laws, effectively stalling the deal.
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China President Xi Jinping is reportedly “angry” over CK Hutchison’s plans to sell its Panama Canal port operations — particularly because the company did not consult Beijing beforehand
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The timing of the deal’s announcement, coming just before the start of the “two sessions,” China’s most significant annual political and economic gathering, only deepened the offense for Xi and the Chinese Communist Party.
The Panama Canal — used extensively by both the US and China — has reemerged as a flashpoint in global politics after President Trump renewed his pledge to assert American dominance over the waterway.
Beijing’s move to influence the affairs of CK Hutchison reinforced concerns among global observers about China’s diminishing distinction between private and public sectors as well as its aggressive encroachment into Hong Kong’s affairs.
(Excerpt) Read more at nypost.com ...
Get ready for a showdown!
The Ghost of Jimmy Carter Comes Back to Haunt America: China Blocks Panama Canal Sale to Blackrock — Setting Up Major Confrontation with President Trump
https://www.thegatewaypundit.com/2025/04/ghost-jimmy-carter-comes-back-haunt-america-china/
So, we gave them away, and have to buy them back. I swear.
Black Rock will eventually own everything on the planet. I will own nothing — but I will be happy. Or will I?
This is why Trump will not take the military option off the table.
Where’s the back of the line of people waiting to spit on Jimmah’s grave?
If the Chinese government blocks the sale. They were always therefore a state asset in Panama. Ergo. China’s foreign policy is to control assets in panema directly. assets in Panama.
So much for private enterprises and interests. It’s therefore a dispute with the Chinese government.
BTW, that quote of you will have noting but you will be happy is the WEF' Klaus Schwab. However, I have no doubt that they are tied to the WEF. 🙂👍
And how did China come to own those ports?
So, we gave them away, and have to buy them back. I swear.
Actually, the sale’s price was a buck. Now that’s one heck of a markup! I wish a deal like that could land my way sometime...just once.
DOES CHINA OWN ANY OF CALIF PORTS???
Obama and Biden were worse Presidents than Carter, but Carter was by far the stupidest.
Red China is a Communist country, and any semblance of free enterprise lasts only as long as the CCP considers it beneficial to themselves. No matter the disguise they wear, China is a communist dictatorship.
I don’t think Carter was stupid, but he was blinded by his own sanctimony, and his presidency was marked by some really asinine policies.
Black Rock is not much better than China. Black and its two intermixed partners, Vanguard and State Street effectively run almost all large and medium sized corporations in America through ownership of large enough blocks of shares in each to control shareholder votes. Black Rock has been driving to convert all private housing to rental property.
China’s diminishing distinction between private and public sectors as well as its aggressive encroachment into Hong Kong’s affairs.
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Not diminishing - diminished, as in gone. Xi’s Civilian-Military Fusion law makes all Chinese companies military and vice versa.
Is there really any significance difference between Blackrock owning it, and China owning it?
I don’t agree. I think he was stupid.
There was an attempt by China to take over the port in, I believe< San Diego. All China owned or managed ports are Naval bases. They don’t have ships there but they stock military supplies in forward deployment.
He was an engineer. Many engineers tend to be very intelligent in narrow channels.
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