Subject: Panama court decides
China to take 'necessary action' after Panama port ruling

Panama's top court annulled key port contracts held by Hong Kong's CK Hutschison to operate at either side of the Panama Canal.China on Friday said it would be taking "necessary measures" following a ruling by Panama's Supreme Court, that Chinese control of Panama Canal ports was unconstitutional.

"The Chinese side will take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies," foreign ministry spokesman Guo Jiakun told a regular briefing.

The Panama Ports Company (PPC), a CK Hutchison subsidiary, insisted its concession was the result of transparent international bidding.

"The new ruling ... lacks legal basis and jeopardizes not only PPC and its contract, but also the well-being and stability of thousands of Panamanian families who depend and indirectly on port activity but also the rule of law and legal certainty in the country," the company said a statement.

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BlackRock headed a consortium that bid for the Panama facilities, and several other port operations owned by Hutchison, last year. Will God On Earth Trump allow BlackRock to pursue that purchase, or will he send in the Marines to "guard the canal", while he sees who pays him the biggest bribe for a port operation contract?

Steve