After China announced an antitrust review of the deal, CK Hutchinson’s partnership with BlackRock inevitably failed to be signed as planned.
According to analysts, the Trump administration’s diplomatic triumph over the Panama Canal will assuredly spur Beijing on to carry out the stunt again.
In the meantime, one pro predicted that 20 to 30 nations would abandon the Belt and Road Initiative within the next year in the same way Panama did.
The politicians and the magnification are what matter, according to Eric Olander, The China-Global South Project editor-in-chief.
One cannot overstate how significant this is: that forcing a nation to leave BRI and seeing the response Trump and ( US Secretary of State ) Marco Rubio received from their base will inspire them to ( force ) dozens of other countries to do the same )
Olander added that “vulnerable places” will have to choose whether to be in China’s or America’s” sphere of influence.”
He continued, saying that this would not affect the BRI’s longer-term plan.
It simply means they have to re-calibrate in a much more controversial setting. He noted that protecting the domestic economy is the top priority for ( Chinese President ) Xi Jinping today.
He must maintain the local market, but I believe the US-China partnership is more crucial than the China-Panama partnership. So they’re sort of going to allow Panama leave.