As President Donald Trump reorganizes U.S. trade relations with China and calls for the United States to reassert influence over the Panama Canal, Beijing has taken aim at a major Hong Kong business tycoon involved in a key infrastructure deal.
Victor Li, chairman of CK Hutchison Holdings and son of billionaire Li Ka-shing, was quietly removed from the Hong Kong government’s top advisory board after his company announced in March the sale of two key port operations near the Panama Canal to a U.S.-led consortium.
The move sparked swift disapproval from Beijing, coming just as Trump renewed calls for the United States to reclaim strategic influence over the canal and curtail China’s reach in the region….
Hong Kong Business Tycoon Removed From City’s Top Advisory Role After Panama Port Sale Sparks Beijing’s Backlash
