China just smacked down a $23 billion deal to sell Panama Canal ports to Americans because Emperor Xi wasn’t consulted first – the ultimate power move confirming what we’ve been saying for years about who really controls Hong Kong.
At a Glance
- China blocked a $22.8 billion sale of 43 ports (including strategic Panama Canal locations) from CK Hutchison to BlackRock
- Chinese President Xi Jinping is reportedly “angry” the deal was struck without Beijing’s blessing, exposing China’s iron grip on “independent” Hong Kong
- President Trump previously claimed victory in “reclaiming” the Panama Canal from Chinese military control
- The Chinese Communist Party is using antitrust reviews to derail the deal and punishing CK Hutchison with business restrictions
- Chinese state media labeled the transaction a “betrayal of all Chinese people”
Communist China Flexes Its Muscle Over “Private” Hong Kong Business
So much for the myth of Hong Kong’s autonomy. In a move that surprises exactly no one who’s been paying attention, the Chinese Communist Party is throwing its considerable weight around to block a $22.8 billion deal involving ports across 23 countries – including strategically crucial facilities at both ends of the Panama Canal. The deal would have seen CK Hutchison Holdings, a Hong Kong-based conglomerate, sell these assets to a consortium led by BlackRock, but apparently someone forgot to kneel before Emperor Xi and ask for permission first.
China’s State Administration for Market Regulation (SAMR) announced with typical communist doublespeak that they would “review” the transaction – which everyone knows is code for “this isn’t happening on our watch.” Beijing has even taken the extraordinary step of instructing state-owned enterprises to halt new business with CK Hutchison, making it crystal clear that the punishment for independent business decisions is swift and severe in Xi’s China.
Panama Canal: The New Battleground in US-China Power Struggle
President Trump hit the nail on the head when he declared that his administration would be “reclaiming the Panama Canal” from Chinese control. “My administration will be reclaiming the Panama Canal, and we’ve already started doing it. Just today, a large American company announced they are buying both ports around the Panama Canal,” Trump stated, highlighting the strategic importance of this waterway to American interests. Of course, the mainstream media mocked him for this assertion, but as usual, Trump was simply stating the uncomfortable truth that globalists didn’t want to hear.
The Panama Canal isn’t just any shipping route – it’s one of the most critical maritime chokepoints in the world. When China effectively controls ports at both ends, they’re not just managing cargo – they’re positioning themselves to throttle global trade whenever it suits their communist agenda. The Biden-Harris administration’s weak posturing on this issue has allowed China to entrench itself in our hemisphere while Democrats wring their hands over pronouns and electric vehicle subsidies.
Beijing’s Fury Exposes the Truth About Hong Kong
Let’s be honest about what’s happening here. Xi Jinping is reportedly “angry” that CK Hutchison dared to make this deal without consulting Beijing first – exposing the fiction that Hong Kong businesses operate independently from mainland China’s control. A pro-Beijing newspaper, Ta Kung Pao, even published an op-ed calling the transaction a “betrayal of all Chinese people.” Because apparently in communist China, a private business transaction must pass a patriotism test administered by the Party.
This is the same China that leftists insist is a normal trading partner we should continue enriching with lopsided trade deals. The same China that liberal elites claim is a responsible stakeholder in the global order. The same China that American corporations bend over backward to appease while lecturing Americans about “freedom” in Super Bowl commercials. Meanwhile, Beijing openly treats Hong Kong businesses as vassals and uses “antitrust” regulations as a transparent weapon against its geopolitical rivals.
America’s Wake-Up Call
This entire fiasco should serve as yet another wake-up call for those still sleepwalking through America’s economic relationship with China. BlackRock, ironically, is among the Wall Street giants that have poured billions into Chinese companies while undermining American industry. Now they’re getting a firsthand lesson in how the Chinese Communist Party actually operates when its strategic interests are threatened. Every American business cozying up to China should be taking notes – the CCP will sacrifice your profits in a heartbeat when it suits their global ambitions.
President Trump understood the threat China poses to American security and prosperity. Instead of bowing to Beijing, he confronted their unfair trade practices head-on. The Panama Canal port situation underscores exactly why a strong America-first approach is needed to counter China’s growing global influence. While the left continues to mock concerns about Chinese dominance as conspiracy theories, Beijing continues methodically acquiring strategic assets and infiltrating our institutions. The evidence is right in front of us – if we dare to look.
