China has expressed strong disapproval of the US-led acquisition of the Panama Ports Company by BlackRock, labeling it an act of hegemony that undermines China's national interests. The deal, which involves the lucrative ports of Balboa and Cristobal, has drawn scrutiny and resulted in a significant drop in shares of CK Hutchison. Chinese media criticized the sale as a profit-seeking move at the expense of national integrity, suggesting that it could hinder China's shipping and trade. The commentary implies that CK Hutchison should reconsider its allegiance in this geopolitical tension.
[Critics] say this is a spineless, grovelling, profit-seeking move that sells one's integrity for personal gains, said the opinion piece.
The opinion piece said the sale would result in China's shipping and trade being curbed by the US, and that CK Hutchison should think twice about what position and side they are on.
This deal is an act of hegemony by the US, which uses its state power to infringe upon the legitimate rights and interests of other countries through despicable means.
It's power politics packaged as a business behaviour, stated the opinion piece.
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