Sino-US tensions Heat Up Over Canal Sales

Tensions escalate between the US and China over the sale of ports by Li Ka-shing’s CK Hutchison Holdings to BlackRock, with the US pressuring the deal amid concerns over Chinese control of strategic waterways. BlackRock’s acquisition of 100 ports, including those on the Suez Canal, raises fears of US political pressure against China’s Belt and Road Initiative, prompting official Chinese criticism and uncertainty over Hutchison’s decision-making. The situation leaves Hutchison caught between conflicting interests, with Li Ka-shing facing intense scrutiny and pressure from both sides.

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