In a move highlighting China's focus on safeguarding economic interests, officials have called for prudence in CK Hutchison Holdings' ports deal. The Chinese foreign ministry emphasized that all parties must communicate fully with relevant departments to ensure compliance with legal procedures, signaling caution amid global market shifts.
The State Administration for Market Regulation will review the deal under antitrust laws, with spokesperson Guo Jiakun emphasizing: "No concentration of undertakings may proceed without approval." This comes after reports that the Panama Canal port sale might proceed smoothly, while other assets face scrutiny. 📉
Amid rising concerns over economic coercion, Guo reiterated China's stance against "bullying tactics" while reaffirming the country's openness to foreign investment. "We welcome enterprises to invest in China," he said, balancing regulatory vigilance with a commitment to global partnerships. 🤝
Analysts suggest this reflects Beijing's strategy to maintain control over critical infrastructure while navigating complex international trade dynamics. What’s next for global logistics? Stay tuned. 🚢
