China's move to undercut the operation of Chinese enterprises' ports by this method is very ruthless! On January 29, the operating contracts of two ports in Panama held by Hong Kong's Hutchison Whampoa Group were suddenly ruled by Panama's Supreme Court to violate the constitution. In response, our country quickly made a statement.
On the 30th, China's Ministry of Foreign Affairs criticized the ruling of Panama's Supreme Court, stating that these rulings contradict local Panamanian law and that China will take all necessary measures to firmly protect the rights and interests of Chinese enterprises. Obviously, this move by Panama's Supreme Court is very ruthless. Through so-called "unconstitutional" operations, it can reclaim the port operating rights held by Hutchison Whampoa under the name of "nationalization." Then it can transfer them internally at a low price to an American financial group. That's pretty clever, right? Last year, the U.S. Treasury Secretary had even planned to acquire 43 overseas port businesses from Hutchison Whampoa for 22.8 billion U.S. dollars. Now, they don't need to spend a penny.
However, can the performance by Panama's Supreme Court be used to help the United States harvest the assets of Chinese enterprises? I think they are getting too excited too soon. We believe we will have ways to deal with it. Because if we cannot defuse this move, the United States will definitely repeat the same trick. Just look at the wording used by the spokesperson of the Ministry of Foreign Affairs — "China will take all necessary measures to firmly protect the rights and interests of Chinese enterprises."
Original article: toutiao.com/article/1855735573400779/
Statement: This article represents the views of the author himself.