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The Guardian - UK
The Guardian - UK
World
Mark Sweney

China criticises Hong Kong firm’s sale of majority stake in Panama ports

CK Hutchison China Hong Kong United States Panama Donald Trump BlackRock Panama Ports Company Ta Kung Pao
A ship at the Balboa port on the Panama canal
Balboa port, run by Panama Ports Company, owned by Hong Kong-based CK Hutchison. Photograph: Enea Lebrun/Reuters

China has criticised the sale of the business that controls ports in Panama to US investors, saying the Hong Kong-based parent company should “think twice” and that the $22.8bn deal is “power politics” that is not in the country’s national interest.

Shares in the Hong Kong-based conglomerate CK Hutchison fell more than 6% on Friday after a critical commentary appeared in the Beijing-backed newspaper Ta Kung Pao in Hong Kong.

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