China's Global Network of Shipping Ports Reveal Beijing’s Strategy
Voice of America
A powerhouse in global trade, China has more shipping ports at home than any other country. Key investments add about another 100 ports in at least 60 nations. And Beijing is looking for more.
Earlier this month, operations at Israel’s port of Haifa, one of the largest maritime transport hubs in Mediterranean, were handed over to China's state-run Shanghai International Port Group to run for the next 25 years. Another gigantic Chinese shipping company, COSCO Shipping, is poised to expand its footprint in Europe by taking a stake in the port of Hamburg. Negotiations have been reportedly going well, and a deal is expected soon. If COSCO succeeds, it would be the company’s eighth port investment in Europe.
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