China Criticizes CK Hutchison's $23 Billion Panama Ports Sale to BlackRock

Beijing condemns the Hong Kong conglomerate's deal as a betrayal of national interests, intensifying U.S.-China tensions.

CK Hutchison Holdings announced a $23 billion deal to sell its global ports business, including two Panama Canal ports, to a BlackRock-led consortium.
Beijing has strongly criticized the sale, with state-backed media labeling it a betrayal of Chinese national interests and accusing the company of prioritizing profits over patriotism.
The deal comes after U.S. President Donald Trump expressed concerns over Chinese influence at the Panama Canal and vowed to ensure American control over the strategic waterway.
Shares of CK Hutchison fell over 6% following the criticism, reflecting investor concerns about potential geopolitical fallout and the deal's viability.
Analysts view the sale as a strategic move by CK Hutchison to reduce geopolitical risks, though the backlash underscores the challenges of operating in a tense U.S.-China environment.