Panama's Mulino rejects China criticism over court ruling on CK Hutchison contract

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Panamanian President Jose Raul Mulino said on Wednesday he firmly rejects a statement from China's Hong Kong and Macau Affairs Office after a court ruling annulled CK Hutchison's HKEX:1 contract to operate two ports at the Panama Canal.China on Tuesday warned Panama there would be "heavy prices" to pay, calling the Supreme Court decision "absurd," "shameful and pathetic.""Panama is a state governed by the rule of law and respects the decisions of the Judicial branch, which is independent from the central government," Mulino wrote on X.

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