Li Ka-shing’s Panama Canal Port Sale Sparks US-China Tensions
Hong Kong billionaire Li Ka-shing sold Panamanian port terminals to a US-led group, causing diplomatic conflicts between Washington and Beijing because of Latin American geopolitical competition. CK Hutchison completed its $22.8 billion deal on March 6 to unload its worldwide port terminals to a consortium led by BlackRock US due to 96-year-old Li Ka-shing’s decision. Shortly after the deal, President …