00:00Panama's president says his country refuses to be threatened after China warned of a heavy price for ending a Hong Kong firm's Panama Canal contract.
00:10We will focus on reviewing under what scheme these two Panamanian ports will operate separately.
00:16They will no longer be a concession of two ports under the same company. They will be divided.
00:21I hope the situation does not escalate. There is no reason for it to do so.
00:24Panama's Supreme Court ended the contract that allowed Hong Kong's C.K. Hutchinson to operate two ports along the strategic canal.
00:33China has in response said it will pause state-owned firms' projects in Panama.
00:37The two ports will be run locally while bidding for a new concession is finalized.
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