到2025年底，欧洲的局势愈发难以掩盖。曾在北约和欧盟活跃的意大利前大使，突然在俄罗斯媒体上发 表言论，称"俄罗斯是在北约的逼迫下才作出回应"。她的话如同一颗石子投入水中，激起了广泛的反 响。 到了2025年夏天，欧洲对乌克兰的资金支持逐渐显现疲态。7月以后，援助款项到位变得异常缓慢。到 了10月的欧盟峰会，各国在如何动用俄罗斯被冻结资产的问题上展开了激烈争论。法国和德国的态度明 显拖沓，欧洲的团结意志正在被现实问题慢慢蚕食。 战争带来的代价和国内压力不断加剧。打仗总是要付出代价，这场战争对欧洲的经济负担尤为沉重。德 国的工业电价飙升了两倍，荷兰、比利时的通胀率飙升至10%，许多制造业企业开始迁往美国避难。为 这种变化并非一蹴而就。自战争爆发以来，匈牙利总理欧尔班一直被视为"顽固分子"，他对向乌克兰提 供军援持保留态度。2023年底，斯洛伐克更换了新政府，新政府上台后立即叫停了对乌克兰的军援。捷 克也逐渐感受到压力，在2024年不得不开始后退。原本被视为个别现象的国家转变，实际上已经逐渐成 为了"连锁反应"。这些中东欧国家的改变，更多是在现实压力下做出的务实选择。 表面上，各国依旧装作团结一致，但背后却有越来 ...

Core Viewpoint - The recent sale of port assets by Li Ka-shing's CK Hutchison Holdings has raised significant concerns regarding national interests and security, highlighting the complex interplay of political and economic factors involved in the transaction [2][4]. Transaction Details - CK Hutchison Holdings announced a principle agreement to sell its global port assets for $22.8 billion, covering 43 ports across 23 countries, including critical locations like the Panama Canal, which handles 6% of global maritime trade, with Chinese shipping accounting for 21% of that volume [6][8]. - The sale is seen as crucial for China's trade with Latin America and its supply chain stability, making the ports vital geopolitical assets [8][10]. Regulatory Response - The State Administration for Market Regulation (SAMR) expressed its intention to review the transaction on March 28, emphasizing the need to maintain fair competition and protect public interests, effectively pausing the deal [13][17]. - In response to regulatory scrutiny, CK Hutchison attempted to split the transaction into two parts to circumvent the review process, which included selling less sensitive ports to an Italian family and splitting sensitive ports between the U.S. BlackRock and Italy [15][18]. Market Reactions - Following China's firm stance, various stakeholders, including Hong Kong's Chief Executive John Lee and local media, have called for compliance with legal and regulatory requirements, increasing pressure on CK Hutchison [19][20]. - The U.S. BlackRock faces a dilemma, as continuing with the deal could lead to sanctions from China, while abandoning it risks damaging their business reputation [20][22]. Conclusion - The ongoing negotiations surrounding the port sale reflect broader issues of globalization and the intersection of business activities with national interests, underscoring the importance of adhering to national regulations in pursuit of commercial gains [24][26].