The only priority is cost effective production, at the expense of workers, resources and sustainability.
by Jerome R. Corsi
Red China is investing heavily in developing deep-water ports in Mexico to bring an unprecedented volume of containers into the U.S. along the emerging NAFTA Super Highway. This move signals China’s emergence as the unexpected economic winner in the North American Union free market.
Hutchinson Ports, a wholly owned subsidiary of China’s giant Hutchinson Whampoa Limited (HWL) is investing millions to expand the deep water ports the company manages at Lazaro Cardenas and Manzanillo on Mexico’s Pacific coast. Now Hutchinson Ports is pledging millions more to develop Punta Colonet, today a desolate Mexican bay in Baja California. Mexico plans over the next seven years to dredge and convert Punta Colonet into a 10 to 20 berth deep-water port facility capable of processing some 6 million standard 20-foot-long TEUs (industry terminology for the “Twenty Foot Equivalent Unit” that describes a single standard container).
According to Judicial Watch, “Hutchinson, Whampoa, Ltd. is the holding company of billionaire Li Ka-shing, a well-known businessman, whose companies make up 15 percent of the market capitalization of the Hong Kong Stock Market.” A Judicial Watch complaint filed in 2002, at the time HWL was purchasing the then-bankrupt Global Crossing, notes that Li Ka-Shing’s holdings includes ports, telecom, and energy assets around the world.
Topics: Red China, NAFTA Super Highway, Hutchinson Ports, Hutchinson Whampoa Limited, Lazaro Cardena, Manzanillo, Mexico, Mexican bay in Baja California, Li Ka-shing, Chinese Government, Global Crossing, Democratic National Committee, Terry McAuliffe, Robert Pastor, Chinese People’s Liberation Army, China Ocean Shipping Company, North American Union, Dubai Ports World, HWL, detect nuclear material, NAFTA corridors, North America’s SuperCorridor Coalition Inc, Bush Administration, Wal-Mart, Kmart, and Home Depot, slave labor prison camps, abuses of human rights, George Bush, Bush Administration free-trade policies, Global Policy Forum, William Hawkin, open bordes, George H.W. Bush, Bill Clinton, George W. Bush, Communist Chinese, super-highway, NAFTA super-highways, European-style North American Union dominated by the Chinese.