With all these minority stakes they are basically supplying liquidity but without total control.
And yet, there are people who don’t see any issues with that.
“Concerns have been voiced in recent years by both think tanks and governments in relation to the possible use of state-owned companies for political influence. Risks highlighted in relation to Chinese ownership of European ports include altering the flow of goods from one European port to another and having access to the inner workings of European container terminals. Whereas some have pointed to the apparent pro-China course of Greece since COSCO’s investment in the Port of Piraeus as an example, others say that gaining
political leverage over Greece as an objective of COSCO or the Chinese Communist Party cannot be confirmed based on publicly-available information. While the political leadership could, if needed, gain political leverage by using state-owned port operators, they suggest doing this would be costly for the companies, so the Chinese government would most likely not use the companies as an ‘overt political tool’. Nonetheless, they suggest that port investments could be an indirect source of political leverage – the more a country’s economy benefits from the presence of Chinese port operators, the more it depends on good relations with China. Some have also raised concerns regarding large-scale investments by Chinese companies in European ports, some of which are logistical hubs for NATO equipment.”
Europe should economically decouple itself from China by nationalizing Chinese-owned ports.
Who are the fuckwits that allowed this? Can we round them up please, the european citizen would like a word
Unless you think that China would start sabotaging all ports, at which point we’d be at war anyways, its completely irrelevant for ports to be part-owned by them when they are physically located in Europe, as you can always nationalize them. The problem is that our production is physically located in China.
The chart says “port terminals” not ” ports”. The difference is huge.
I’m only familiar with the situation in Rotterdam, the Rotterdam World Gateway port terminal is part of what is called Maasvlakte 2. This is a tiny part of the whole of the Rotterdam port.
So a Chinese company owns a minority part of a small part of the whole port.
Remember all the hysteria about Arabs owning ports in the US after 9/11?
9 comments
With all these minority stakes they are basically supplying liquidity but without total control.
And yet, there are people who don’t see any issues with that.
“Concerns have been voiced in recent years by both think tanks and governments in relation to the possible use of state-owned companies for political influence. Risks highlighted in relation to Chinese ownership of European ports include altering the flow of goods from one European port to another and having access to the inner workings of European container terminals. Whereas some have pointed to the apparent pro-China course of Greece since COSCO’s investment in the Port of Piraeus as an example, others say that gaining
political leverage over Greece as an objective of COSCO or the Chinese Communist Party cannot be confirmed based on publicly-available information. While the political leadership could, if needed, gain political leverage by using state-owned port operators, they suggest doing this would be costly for the companies, so the Chinese government would most likely not use the companies as an ‘overt political tool’. Nonetheless, they suggest that port investments could be an indirect source of political leverage – the more a country’s economy benefits from the presence of Chinese port operators, the more it depends on good relations with China. Some have also raised concerns regarding large-scale investments by Chinese companies in European ports, some of which are logistical hubs for NATO equipment.”
https://www.europarl.europa.eu/RegData/etudes/ATAG/2023/739367/EPRS_ATA(2023)739367_EN.pdf
this shouldn’t be allowed
Europe should economically decouple itself from China by nationalizing Chinese-owned ports.
Who are the fuckwits that allowed this? Can we round them up please, the european citizen would like a word
Unless you think that China would start sabotaging all ports, at which point we’d be at war anyways, its completely irrelevant for ports to be part-owned by them when they are physically located in Europe, as you can always nationalize them. The problem is that our production is physically located in China.
The chart says “port terminals” not ” ports”. The difference is huge.
I’m only familiar with the situation in Rotterdam, the Rotterdam World Gateway port terminal is part of what is called Maasvlakte 2. This is a tiny part of the whole of the Rotterdam port.
So a Chinese company owns a minority part of a small part of the whole port.
Remember all the hysteria about Arabs owning ports in the US after 9/11?