China calls court ruling against Hong Kong firm CK Hutchison on Panama Canal ports 'absurd' and 'shameful'.

HONG KONG: Hong Kong’s CK Hutchison Holdings said Wednesday its subsidiary started arbitration proceedings against Panama after that country’s Supreme Court ruled a concession for…

China calls court ruling against Hong Kong firm CK Hutchison on Panama Canal ports 'absurd' and 'shameful'.

The Panama Canal has been thrust into the middle of a power struggle between the U.S. and China, the world's two largest economies.

It follows a contentious decision from Panama's top court to rule against a Hong Kong-backed firm’s right to operate two key terminals on the waterway.