Whoa!!!
a good summary of why it was almost certain that China would intervene here https://youtu.be/9Bui2bnX2i0
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
Hmmm. Will we see the US invade to claim the canal anyways? Or perhaps just lean on Panama to invalidate the contracts and seize the ports to sell to the US? Guess we’ll find out how much bite the US has left.
There’s also this:
The person added the development does not mean the deal has been called off, and April 2 is not a hard deadline. The second source, who also declined to be identified for similar reasons, said talks are still very much underway.
Also apparently these are only 2 of 5 ports around the canal. It’s interesting, the way the US propaganda rags phrase it China has exclusive control of both ends of the canal because of these ports.
Probably the company tries to do something to ease the pressure at home and give the US something but what that might be I don’t know. I could see them trying to do something like selling some sort of stake but not outright control to Blackrock, something that can be presented as not capitulating in China but as a successful raid and seizing of value and a veto over port use by the US or something. I don’t see the US backing down on this and when push comes to shove they can just use sanctions to pressure the company.
It’s going to be interesting to watch how this develops because I can’t see either the US or China backing down on this. If the US did forcefully take over the canal then I would expect China to find a way to do reciprocal economic harm to US. Given how China has responded up to now, it would likely be some more targeted import/export restrictions at critical things that the US needs.
