China Building Europe Biggest Port – Free PDF Download

CHINA’S  PRESIDENT WAS IN GREECE  RECENTLY

2016

• In 2016, China’s shipping firm Cosco purchased a  majority stake in Piraeus port. Situated in the Saronic  Gulf, Greece’s largest harbor — and Europe’s seventh  biggest — is at a strategic location between the Asian  and European continents.
• Chinese President Xi Jinping and Greece’s Prime  Minister Kyriakos Mitsotakis announced earlier this  week that Cosco would be investing about 600 million  euros ($660 million) to develop Piraeus further.

THE PLANS

• “The objective is to transform it into the  biggest transit hub between Europe and Asia  and, potentially, the biggest port in Europe,”  Kostas Fragogiannis, Greece’s deputy minister  for foreign affairs

WHO HOLDS THE TITLE FOR THE TIME  BEING?

• Rotterdam’s port, in the Netherlands, is Europe’s biggest harbour.
• It saw more than 8.6 billion containers  (incoming and outgoing by sea) in 2018 —  an increase from the previous year.

ADVANTAGE  OF PIRAEUS

• The geographical advantages of Greek  ports can be utilized for facilitating and  increasing transfer flows from China and  the Far East to the European Union, the  Balkans and the Black Sea region, and vice  versa

CHINA WILL NOW  OPERATE A LARGE PORT INSIDE A NATO  COUNTRY

CHINA ENTERING EUROPEAN  POLITICS

XI  JINPING’S  SUPPORT  TO  GREECE

• “I totally agree with you,” Xi replied
• “Not only will you have my support, we should work together,” the Chinese president  continued.“We, too, have our own [treasures]  outside the country and are doing everything  we can to get them home.”

CONCERNS FOR  U.S

• U.S views this broadening of influence by  China as an effort to overthrow the U.S sphere of influence in Europe
• China has started to play along the European  politics at a time when there are divisions  within NATO

ISSUES WITH  EUROPEAN POWERS  AND  NATO

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