Early this month, Hong Kong-based shipping conglomerate CK Hutchison announced it was delaying signing a deal to sell ports it owns near the Panama Canal to BlackRock. The announcement comes as regulators in mainland China are expected to launch an antitrust investigation into the deal. The investigation, combined with media pressure, is part of a campaign by the Chinese Communist Party (CCP) to pressure businesses into making deals the CCP likes. These efforts further demonstrate that Hong Kong can no longer be trusted as an international business hub, and American businessmen would be wise to seek other options.
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