China lashes out at US ‘coercion’ over Panama agreement

[Pelican Press 0]

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China lashes out at US ‘coercion’ over Panama agreement

China has lashed out at what it calls US “coercion” after Panama declined to renew a key infrastructure agreement with Beijing following Washington’s threat to take back the Panama Canal.

Foreign Ministry spokesperson Lin Jian said at a briefing that China “firmly opposes the US smearing and undermining the Belt and Road co-operation through means of pressure and coercion”.

Assistant Foreign Minister Zhao Zhiyuan also met Panama’s ambassador to China and lodged solemn representations on Friday, the Foreign Ministry said on Saturday.

The Belt and Road Initiative is President Xi Jinping’s signature foreign policy drive to bind China closer to countries in the region and beyond by building roads, railways, airports, power plants and other infrastructure.

The program has completed some major projects but also raised concerns about debt and environmental impact.

Panama’s decision to walk away from it was seen as a concession to the US over the canal after US Secretary of State Marco Rubio warned Panamanian leader Jose Raul Mulino on Sunday that Panama must immediately reduce what President Donald Trump says is ******** influence over the canal area or face potential retaliation from the US.

Mulino has rejected pressure from the new US government to discuss ownership of a waterway vital to global trade.

Despite that, some believe Panama might be open to a compromise under which canal operations on both sides are taken away from the Hong Kong-based Hutchison Ports company, which was given a 25-year no-bid extension to run them.

An audit into the suitability of that extension is already under way and could lead to a rebidding process.

A drop in water levels in the canal due to drought has slowed transit through the canal, raising further complaints from Trump, although the delays appear to have nothing to do with China.

Lin said the Belt and Road Initiative had brought “active participation” from more than 150 countries and “fruitful results” to Panama and China, but gave no examples.

“We hope Panama will bear in mind the general picture of bilateral relationship and the long-term interests of both peoples, resist external interference, and make the right decision,” Lin said.

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