China's fury at the sale of Panama Canal ports to a US-led consortium reflects how container hubs have become prized currency as Beijing and Washington vie for global influence, analysts say.
China's fury at the sale of Panama Canal ports to a US-led consortium reflects how container hubs have become prized currency as Beijing and Washington vie for global influence, analysts say.
"The US a political issue at China's expense and then has been able to declare victory," said Kurt Tong, managing partner at The Asia Group and a former top US diplomat to Hong Kong.Some of the ports being sold are in nations that participate in Beijing's Belt and Road Initiative -- a global development framework championed by Chinese President Xi Jinping.
"There are concerns about additional costs for Chinese ships or discriminatory treatment in terms of queuing orders," he added, highlighting the long-arm jurisdiction of US authorities. John Bradford, executive director of the Yokosuka Council on Asia-Pacific Studies, said the deal would not serve China's interests but said some concerns were"overblown".
"This whole Panama ports issue has refocused attention on the question whether Hong Kong is a good place to put assets or to do business," said Tong, the former diplomat.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Hong Kong firm offloads Panama ports after Trump pressureUnder fierce pressure from US President Donald Trump, the Hong Kong firm Hutchison said it had agreed to sell its lucrative Panama Canal ports to a US-led consortium on Tuesday.
مزید پڑھ »
Hong Kong's richest man is in hot water over his company's Panama Canal ports dealHong Kong’s richest man is in hot water over his company’s Panama Canal ports deal
مزید پڑھ »
Trump hails 'reclaiming' of Panama canal after BlackRock-led group's deal to buy stakeThe deal with the BlackRock-led consortium includes 90% of Panama Ports Company
مزید پڑھ »
Panama releases dozens of detained deportees from US into limbo following human rights criticismPanama releases dozens of detained deportees from US into limbo following human rights criticism
مزید پڑھ »
Chinese regulator to vet Panama ports deal: Hong Kong mediaChina's market regulator said it will review Hong Kong conglomerate CK Hutchison's sale of Panama Canal ports to a US-led consortium, a Beijing-backed newspaper in Hong Kong reported on Friday.
مزید پڑھ »
Oil falls as OPEC plus plans to raise output, US tariffs hammer sentimentOil falls as OPEC plus plans to raise output, US tariffs hammer sentiment
مزید پڑھ »