China Rebukes U.S. Over Panama’s Rejection of Belt and Road Initiative

China Blasts “Coercive” U.S. Tactics Following Panama’s Decision

Beijing has strongly criticized Washington for what it describes as coercive tactics after Panama declined to renew a key infrastructure agreement with China. The decision by Panama to terminate its partnership with the Belt and Road Initiative is seen as a concession to the United States regarding Chinese influence in the Panama Canal zone.

Foreign Ministry Expresses Deep Opposition

Foreign Ministry spokesperson Lin Jian criticized the US, claiming it was smearing the Belt and Road cooperation. He urged Panama to consider bilateral relationships and long-term mutual benefits while resisting external interference. Assistant Foreign Minister Zhao Zhiyuan also met Panama’s ambassador to lodge their concerns formally.

The Belt and Road Initiative and Its Controversies

The Belt and Road Initiative, spearheaded by President Xi Jinping, aims to strengthen China’s influence through infrastructure development around the globe. While it has completed some notable projects, it has also suffered from criticism over debt concerns and environmental impacts. Critics argue that the projects often leave host countries in financial困境, impacting local communities and the environment.

Panama’s Decision: Context and Implications

Panama’s decision not to extend its Mega Bridge deal with China is attributed to pressure from the US following remarks by US Secretary of State Marco Rubio. He warned that Panama risked consequences if it failed to reduce Chinese influence near the Panama Canal, which is a vital global trade route.

Panama’s Stance on the Panama Canal

Panamanian leader José Raúl Mulino has previously dismissed US government calls to discuss the fate of the canal.Mulino rejected these pressures and maintained the status quo, not entering talks about its management or ownership.

Potential Compromises and Future Scenarios

However, there are speculations that Panama might negotiate a compromise. This could involve divesting Hong Kong-based Hutchison Ports, which merely received a no-bid extension. This investigating audit may catalyze a potentially competitive bidding process.

Additional Factors Influencing Panama’s Position

Environmental disruptions, such as low water levels hampering canal transit, have issued concerns among Trump administration officials. However, these conditions are unrelated to China’s presence.

China’s Position and Future Prospects

China defends the Belt and Road Initiative by emphasizing its contributions across more than 150 countries. Despite these claims, clear examples of benefits to Panama are notably absent in the statement. Beijing’s hope is that Panama will reconsider and prioritize mutual interests, defying outside pressures.