Summary:
The controversial sale of 43 global port assets, including key terminals at both ends of the Panama Canal, by Hong Kong businessman Lee Ka-Shing to a BlackRock-led consortium in March 2025. This transaction has ignited significant concern and criticism from Chinese state media and officials, who view it not merely as a business deal but as potentially aligning with a US strategy to undermine China's maritime power.
This sale could be interpreted as a lack of patriotism and a failure to consider China's strategic interests amid escalating geopolitical tensions, particularly in light of perceived US efforts to control global shipping routes. The author argues that Lee Ka-Shing missed an opportunity to leverage China's influence to potentially block or negotiate the sale in a way that better protected national interests, contrasting his actions with instances where Chinese entities facing foreign pressure received state support.
Ultimately, the sale was a strategic misstep with broader implications for China's economic security in the face of perceived US economic warfare.
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