China criticizes Hutchison deal, complicates TikTok sale

China has criticized the sale of CK Hutchison's ports business, heightening scrutiny on potential American acquisitions involving Chinese companies, particularly TikTok. Analysts say this response shows Beijing's effort to maintain a strong image against U.S. pressure. The sale, which includes assets near the Panama Canal to a consortium led by BlackRock, drew attention after U.S. President Donald Trump praised it as a reclaiming of control. After the announcement, China's Hong Kong and Macau Affairs Office labeled the deal a betrayal of China's national interests. Chinese regulators are now investigating the ports sale, reflecting the government’s dissatisfaction with CK Hutchison’s decision to divest without seeking permission. This scrutiny could also affect TikTok’s potential sale since it is owned by China's ByteDance. Experts believe Beijing's response may be a tactic to convey strength amid ongoing U.S.-China tensions, especially since it previously intended to use the Panama deal as leverage in trade discussions. There are concerns that if TikTok is forced to sell, it could encounter both regulatory and political obstacles from Beijing. As discussions evolve, the White House is actively involved in the TikTok sale process, which marks a significant government role in private business matters. Analysts warn that this situation poses risks for companies operating in both China and globally.