This episode explores the escalating conflict between Li Ka-shing, Hong Kong's richest man, and the Chinese government, stemming from a $23 billion deal to sell his Panama Canal ports. Against the backdrop of strained US-China relations, Li's deal, initially seen as a savvy business move to mitigate trade war risks, became a geopolitical flashpoint when President Trump touted it as a US victory. More significantly, Xi Jinping's administration reacted with fury, viewing the deal as a loss of leverage and subsequently launching a multi-pronged attack on Li, including media criticism and pressure on state-owned enterprises to avoid future collaborations. For instance, an antitrust review and accusations of misconduct by Panama's top auditor further complicate the situation, potentially delaying or derailing the deal. The episode highlights the intricate interplay between business and geopolitics, showcasing how even seemingly commercial transactions can become entangled in international power struggles. Ultimately, the situation leaves Li's legacy in question and sends a chilling message to other Hong Kong tycoons about the increasing political risks inherent in doing business in the region.
