Beijing has slammed a Panamanian Supreme Court ruling that nullified Hong Kong-based CK Hutchison Holdings’ right to operate two major ports at the country’s canal as “legally unfounded”, warning the Central American nation that it could pay a heavy political and economic price.
The Hong Kong and Macau Affairs Office said in a commentary on Tuesday that the ruling was “self-sabotaging” to Panama’s creditworthiness and would inflict profound damage on its business environment while severely…