Reported about 18 hours ago
Beijing's backlash against CK Hutchison's sale of its ports business, particularly its assets near the Panama Canal, signifies amplified scrutiny over Chinese divestments involving U.S. buyers, including the potential sale of TikTok by ByteDance. Analysts interpret this as part of Beijing’s strategy to assert a strong front against U.S. pressure while managing domestic perceptions. The heavy politicization surrounding the Hutchison deal could complicate negotiations for TikTok's sale, especially as the Chinese government prefers retaining control over its popular app amidst increasing U.S. regulatory scrutiny.
Source: YAHOO