# investment climate

Beijing Condemns Panama Court Ruling on Canal Port Contracts as Attack on Rule‑of‑Law and Investment

Panama's top court voided the renewal of concession agreements for two Panama Canal‑adjacent ports operated by a Hong Kong company, prompting forceful protests from Beijing and the Hong Kong government. China characterized the ruling as legally unfounded, politically driven and damaging to Panama’s investment climate, and warned it would take necessary steps to defend its company’s rights.