Keeping out Li Ka-shing; Hong Kong and America.

From: The Economist (US) | Date: May 3, 2003 | Copyright information

Scary Mr Li

A controversial takeover

PEOPLE in his home town, Hong Kong, call Li Ka-shing "superman" for his stunning business success. But America's government apparently considers him a potential threat. Though Mr Li, like his homeland, is ultra-capitalist, he does show up in lots of group photos with Beijing's Communist leaders, and Hong Kong is after all part of China again. It seemed so suspicious to an American government committee reviewing Mr Li's role in a proposed takeover of Global Crossing, a bankrupt American fibre-optic cable operator, that it pondered the ...

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