<
https://theconversation.com/china-has-invested-billions-in-ports-around-the-world-this-is-why-the-west-is-so-concerned-244733>
"On his way to the G20 summit in Rio de Janeiro in November, Chinese President
Xi Jinping met with Peruvian President Dina Boluarte to officially open a new
US$3.6 billion (A$5.8 billion) deepwater mega-port in Peru called Chancay.
China’s state-owned Cosco shipping giant had purchased a 60% stake in the port
for US$1.6 billion (A$2.6 billion), which gave the company exclusive use of the
port for 60 years.
Days later, the first ship departed for Shanghai loaded with blueberries,
avocados and minerals.
Chancay is part of China’s vision of a 21st century maritime Silk Road that
will better connect China’s manufacturing hubs with its trading partners around
the world. This has involved a heavy investment in ports in many countries,
which has the West concerned about China’s expanding influence over global
shipping routes.
Newly re-elected US President Donald Trump made clear these concerns when he
claimed China was “operating” the Panama Canal and the US intended to take it
back.
China does not operate the canal, though. Rather, a Hong Kong company operates
two ports on either side of it."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
