The business outlet Bloomberg reported on Thursday that its anonymous sources affirmed the Chinese Communist Party had ordered an end to “projects” in Panama following that nation’s top court ruling that a deal granting outsized power to a Hong Kong corporation over the Panama Canal was unconstitutional.
The Hong Kong-based Panama Ports Company (PPC) signed two contracts with the Panamanian state that granted it control of large territories on both sides of the Canal to develop new ports for incoming ships. Some estimates suggest that the ports PPC was contracted to develop handle as much as 40 percent of Canal traffic.
“China is asking state…
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