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| Europe |
| China now controls 10% of European port capacity |
| 2018-03-15 |
| h/t Instapundit Chinese state firms now control about one-tenth of all European port capacity. The port deals are one of the clearest manifestations of Beijing’s ambitious plans to physically link China to Europe by sea, road, rail, and pipeline. The ports are half of the Belt and Road Initiative, snaking from the South China Sea across the Indian Ocean, through the Suez Canal and into the soft underbelly of Europe. In 2016, China invested over $20 billion into seaports on foreign terrain. China Merchants Port Holdings bought a 90% share of the Brazilian port operator TCP Participacões for nearly a billion dollars. Jiangsu province paid $300 million to build a free trade zone around Khalifa Port in Abu Dhabi. China is also building high-speed rail line between Hungary and Serbia. |
| Posted by:g(r)omgoru |