this post was submitted on 29 Mar 2025
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CK Hutchison will not sign deal to sell strategic Panama ports next week, sources say (www.reuters.com)
submitted 5 days ago by [email protected] to c/[email protected]
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[–] [email protected] 10 points 5 days ago (1 children)

[–] [email protected] 7 points 4 days ago

The People’s Congress of course!

[–] [email protected] 3 points 4 days ago (1 children)

This is the flaw in the hybrid socialist-capitalist system. Billionaires will sell out national interests.

We'll see if the government is able to rein in Hutchison.

[–] [email protected] 6 points 4 days ago

I imagine this is precisely why China's been actively winding down the role of private sector which accounts for only 30% of the economy at this point. https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among