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China misleads on involvement in Panama Canal
PTVPhilippines
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3/27/2025
China misleads on involvement in Panama Canal
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Transcript
Display full video transcript
00:00
And in news overseas, China's foreign ministry says that China is committed to the Panama
00:05
Canal's neutrality and has never interfered in its operation.
00:08
VOA's Leonid Martynyuky explains why this is misleading.
00:15
On March 5th, China foreign ministry spokesperson Lin Jin affirmed Beijing's commitment to keeping
00:21
the Panama Canal a neutral international waterway and that it has never interfered in its management.
00:29
China stays committed to maintaining the status of the canal as a permanently neutral
00:35
international waterway.
00:37
China has never engaged in the management and operation of the canal.
00:41
That claim is misleading.
00:43
China has been using its Belt and Road Initiative, or BRI, to strategically expand its presence
00:50
in seaports worldwide.
00:52
Analysts say that by securing key ports, Beijing is aiming to strengthen its geopolitical influence
00:59
to dominate global trade and maritime logistics.
01:04
Hong Kong-based Hutchison Ports Holdings, HPH, have owned terminals on both ends of
01:10
the Panama Canal since 1997.
01:13
In 2017, the South China Morning Post described its founder Li Ka-shing as the biggest beneficiary
01:21
of BRI funding, operating 22 ports in 18 countries along the BRI route.
01:28
TK Hutchison Holdings, of which HPH is subsidiary, has faced standing allegations of collusion
01:36
with the Chinese Communist Party, with whose leadership Li has long had established ties.
01:42
Li's son and successor Victor Li is a longtime member of the Chinese People's Political
01:47
Consultative Conference, one of Beijing's top political advisory bodies.
01:53
On January 20, Panama initiated a financial audit of Panama Sports Company, yet another
01:59
TK Hutchison subsidiary.
02:01
Panama's Comptroller General Arnold Bola Flores said the Chinese had turned the canal into
02:07
a colonial enclave, replacing Americans.
02:11
In 2021, Panama revoked a canal port concession bid following an audit that unveiled security
02:18
and labor issues by the Shandong-based Landbridge Group, a massive Chinese port infrastructure
02:25
conglomerate that also has holdings in oil, gas, trade, and tourism.
02:31
Australia and Israel similarly rejected TK Hutchison's bids for infrastructure projects
02:38
citing national security risks.
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