Recently, Li Ka-shing sold 43 ports to the American company BlackRock, and this news exploded online. It is said he made 22.8 billion dollars, which is over 160 billion when converted to RMB, a sum that makes people envious. But it's not just envy that people feel, more importantly, they are angry, saying he is unpatriotic and has sold out national interests.
Think about these ports, which one is not key to international trade? Hong Kong, the UK, Panama, which ports are not busy every day, handling thousands of containers? These containers are filled with made-in-China products.
Especially the Hong Kong docks, which handle how many containers a year, over twenty million! This is all our hard work. The Felixstowe Port in the UK is similar, with a throughput accounting for 40% of the UK. If Chinese goods are left aside, how can we compete in the European market?
Everyone is puzzled, what is Li Ka-shing thinking? He is over 90 years old, has more money than he can spend, and the port business is stable, so why does he insist on selling? Some say he has private dealings with BlackRock, but no one has evidence, so no one dares to make wild claims.
Some people online are asking why we don't buy it ourselves? It's only 160 billion, not even enough for a small fraction of what Old Xu embezzled. But you must understand that this is a business transaction, it has to follow the rules, and can't rely solely on patriotic enthusiasm.
However, on the other hand, Li Ka-shing's move is indeed uncomfortable for many. Think back to when Coca-Cola wanted to buy Huiyuan Juice, only to have our patriotic fervor mess it up. What happened to Huiyuan now? It sold for less than 1 billion, what a pity!
But we also have to say, what Li Ka-shing is doing indeed makes us sweat for China's foreign trade. Hong Kong relies on foreign trade to survive, and if the docks are blocked, small businesses will surely collapse. If the UK restricts Chinese goods, European orders will vanish; if the Panama Canal becomes a bargaining chip, logistics costs will double.
Li Ka-shing, starting from plastic flowers to becoming a port tycoon, indeed has some skills. But this time selling the ports is truly hard to comprehend.
We can't just blame him, after all, business transactions must follow the rules. But we also need to strengthen ourselves, so we are not at the mercy of others. National interests are paramount, but business transactions must also adhere to regulations.
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