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of <h1>CK Hutchison's $23B Panama Port Sale to BlackRock Consortium Sparks China Criticism Amid US-China Tensions</h1> Hong Kong's leader addressed the controversy surrounding CK Hutchison Holdings' decision to sell its Panama Canal port assets to a consortium including BlackRock Inc., a move criticized by China amid rising US-China tensions. While Hong Kong's Chief Executive emphasized fair international trade practices, he avoided direct criticism of the US or the conglomerate's owner. Beijing's disapproval was evident through local media commentaries condemning the deal as against national interests. The transaction, valued at nearly USD 23 billion, requires Panama's approval and would grant the consortium control over 43 ports globally, but not affect Hong Kong or mainland Chinese ports.
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