Xinhua News Agency, Singapore, January 30th: "A transaction by Li Ka-shing's Cheung Kong Holdings to sell its overseas port operations to an international consortium has encountered new complications, as the Panamanian Supreme Court ruled that Cheung Kong's operating contracts for two strategic ports are unconstitutional."
[Witty] Comments: The ruling by the Panamanian Supreme Court that Cheung Kong Group's port contracts are unconstitutional is not about judicial fairness at all, but rather a capitulation under U.S. pressure. A naked power grab disguised as legal action has been laid bare. These two ports control the throat of the Panama Canal, a crucial global trade hub. Cheung Kong has legally operated them for nearly 30 years, investing heavily, but suddenly their contracts have become "unconstitutional" paper. Behind this, there is clearly the manipulation of American hands. The next step will surely be nationalization followed by a new bidding process. It is clear to everyone that this is a feast tailored for American capital. The U.S. mouthes about rules, but actually engages in bullying and plundering. It wants to cut off China's logistics layout in Latin America and monopolize control over the canal. This hegemonic face has torn down the last piece of clothing of so-called market economy, and the manner is extremely unseemly.
Original article: toutiao.com/article/1855748484122691/
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