On March 13, the Chinese Communist Party’s (CCP’s) Hong Kong and Macao Affairs Office of the State Council reposted a commentary from Ta Kung Pao titled “Don’t Be Naïve, Don’t Be Confused.” Ta Kung Pao is the CCP’s mouthpiece in Hong Kong.
The article’s key points are as follows:
“Currently, the world is undergoing accelerated changes unseen in a century, and the strategic rivalry between China and the United States is becoming increasingly intense. The situation is turbulent, with high winds and rough waves. The U.S. views China as its primary competitor and is making every effort to contain and suppress China’s development.
Recently, a particular development has sparked strong reactions from various parties: Hong Kong’s CK Hutchison Holdings Limited announced that it had reached a preliminary agreement with a consortium led by BlackRock to sell 80 percent of its assets in Hutchison Ports. This deal involves transferring ownership and operation of 43 ports and related logistics networks across 23 countries—including the Balboa and Cristóbal ports at both ends of the Panama Canal.
Netizens have widely criticized and condemned this transaction and CK Hutchison, viewing it as a spineless surrender driven solely by profit, disregarding national interests and betraying the Chinese people. Such public sentiment is entirely understandable.
Faced with a matter of such great importance and principle, the company in question must think carefully. It must seriously consider the nature and key implications of this issue and reflect on which stance it should take and whose side it should stand on.”
Source: Sina, March 16, 2025
https://finance.sina.com.cn/roll/2025-03-16/doc-inepuytu1080379.shtml
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