The Journal. The Billionaire Caught Between Trump and China
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Apr 15, 2025 
Rebecca Feng, a reporter for WSJ, dives deep into the significant $22.8 billion deal by billionaire Li Ka-shing to sell stakes in Panama Canal ports. The deal has sparked contrasting reactions, thrilling Donald Trump while infuriating Xi Jinping. Feng highlights the complicated geopolitical dynamics at play, revealing how business decisions intertwine with international relations. She also discusses the challenges Hong Kong tycoons face amid rising political tensions and the impact on foreign investment in China.
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Li Ka-shing's Nickname
- Li Ka-shing, a 96-year-old tycoon, is the richest man in Hong Kong, worth $36 billion.
- He's known as "Superman" for his investing prowess and perfect timing.
Li Ka-shing's Career
- Li Ka-shing started his career making plastic flowers before becoming a real estate investor.
- His rise to fame began in 1979 when he took over the trading group Hutchinson Whampoa.
Trump's Misconception
- Trump saw Li Ka-shing's control of Panama Canal ports as a problem, similar to if Beijing controlled them.
- However, C.K. Hutchison owns two of five ports but doesn't control the canal itself, which Panama owns.