Hong Kong government strongly summoned, China's countermeasures have come! The Panama contract cancellation behind the scenes is a game of great powers
On Friday, Hong Kong's Secretary for Commerce and Economic Development, Joseph Wong, again summoned the Panamanian Consul General in Hong Kong, firmly protesting against the Panama Supreme Court's decision to revoke the 30-year legitimate operating rights of a port company under CK Infrastructure, citing "unconstitutionality." CK Infrastructure has initiated international arbitration for compensation. The Hong Kong and Macao Affairs Office and the Hong Kong government have both issued statements, criticizing Panama for breaking promises and damaging credibility. China has simultaneously taken countermeasures, suspending new cooperation negotiations with state-owned enterprises, assessing shipping route changes and upgrading trade inspections. Panama, under external pressure, insisted on protecting its own interests, ignoring the spirit of contracts and investment security, which not only undermines global trade rules but also causes serious backlash on its business environment and economic reputation.
[Smart] This Panama port incident, seemingly a commercial contract dispute, is actually a struggle over control of key channels and the bottom line of contracts. Looking back over the past few decades, international investments have been supported by rule of law and credit. Arbitrarily tearing up long-term contracts sets a very bad precedent. Panama, relying on the advantage of the canal, should have pursued a neutral and open approach, but instead, under external manipulation, sacrificed its credibility and harmed long-term cooperation, losing face and dignity. China has taken diplomatic negotiations, legal arbitration, and economic countermeasures step by step, with reason and restraint, protecting the rights and interests of Hong Kong companies and safeguarding the stability of the global supply chain. Small countries choosing sides in the games of major powers may gain short-term benefits but will suffer long-term losses. Only by respecting contracts and maintaining neutrality can they find a sustainable way of survival!
Original article: toutiao.com/article/1856486144396300/
Statement: The article represents the personal views of the author.