China Loses a Foothold in Panama
The headline heads off an op-ed centered on the Panamanian Supreme Court ruling that the contracts giving management of, and so control over, the Panama Canal ports to CK Hutchison’s Panama Ports Co unconstitutional, and so illegitimate.
That’s a good, solid step in the right direction, but follow through is required.
CK Hutchison Holdings Ltd, which owns Panama Ports Co, which in turn is the owner of the port concessions at either end of the Panama Canal, has not withdrawn its subsidiary, nor has it withdrawn itself. Both are People’s Republic of China companies, and so both are obligated to the PRC government and to that government’s intelligence community.
The PRC does still control the canal, and it will until CK Hutchison and Panama Ports are both gone.