China Reacts Angrily To Panama Court docket Revoking Port Contract As Trump Strikes To Dominate Hemisphere – CDM – Human Reporters • Not Machines
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CDM has covered the Chinese attempted domination of the critical Panama Canal waterway extensively in conjunction with our contributor Michael Yon, on the ground in-country.
The Chinese government has condemned a ruling from Panama’s top court, warning the Central American country “will inevitably pay a heavy price” unless it changes course.
In a brief statement published late Thursday, the Supreme Court of Panama said the terms under which Panama Ports Company (PPC), a subsidiary of CK Hutchison, runs the port of Balboa on the Pacific Coast and Cristóbal on the Atlantic violated the country’s constitution and were no longer valid, writes CNBC.
In a commentary posted on Tuesday on its WeChat account, the Hong Kong and Macao Affairs Office of the State Council said the “logically flawed” and “utterly ridiculous” ruling was opposed by the Chinese government and the Hong Kong Special Administrative Region government.
“The Panamanian authorities should recognize the situation and correct their course,” the Hong Kong and Macao Affairs Office said, according to a Google translation.
“If they persist in their own way and remain obstinate, they will inevitably pay a heavy price in terms of politics and economics!”
It remains to be seen if the Chinese response to Trump raw power will be significant. It is likely Bejing grew used to playing with a weak American government as it encroached on the American hemisphere militarily and economically.
This is another reason Trump is building fortress America.
CDM’s China hands say this may signal a new method for nation’s harmed by the Chinese Belt and Road predatory lending initiative to use sovereign action as a way to reclaim infrastructure.