So if we just look at the raw numbers it would seem as if China's maritime movements are in step with the rest of the world. These new acquisitions add to China's growing portfolio of international port holdings, which now span the world with terminals in Greece, Myanmar, Israel, Djibouti, Morocco, Spain, Italy, Belgium, Côte d’Ivoire, Egypt, and around a dozen or so other countries. Judicial Watch is a 501(c)(3) nonprofit organization. These new port holdings also further enmeshes China into the political and economic fabric of the world. Today is National Voter Registration Day! I've been on the road since '99, reporting from over 90 countries. That essentially kills China’s decades-long contract with the Obama administration. You’d never know it because the media, consumed with the impeachment debacle, has ignored this important achievement. However, there are often some key differences between how China's maritime companies operate internationally and what their projects look and feel like. , "Chinese involvement in foreign ports contributes to the emergence of China as a global power," concurred Frans-Paul van der Putten, the editor of the Clingendael Institute's popular New Silk Road newsletter. The Democrats, if they're not too timid, should expand congressional hearings on the UAE deal to include the larger issues of port security and the ownership and control of America's strategic infrastructure. In the past year alone, China has invested over $20 billion into seaports on foreign terrain, doubling the amount they spent in the previous year, according to estimates by the Financial Times. Senators Clinton and Menendez have announced that they are introducing legislation to prohibit companies owned or controlled by foreign governments from purchasing port operations in the United States. After a national security review and federal intervention, the Long Beach terminal business, which handles millions of containers annually, is finally being sold to an Australian company called Macquarie Infrastructure Partners. They should make clear that while Bush may sacrifice constitutional liberties in the name of national security, he will sacrifice national security to further the interests of the global business elite. There are plenty of good, non-jingoist, reasons to oppose the sale of 6 US ports to a corporation controlled by the government of the United Arab Emirates. Definition of Chinese owned and Chinese invested includes Hong Kong investments Sources: Lloyd's List Intelligence (port rankings); FT research (investments) And those ports handled 67 per cent of global container volumes, up from 42 per cent in 2010, according to Lloyd’s List Intelligence, the maritime and trade data specialists. But they should go one step further. The story makes it seem like a regular business transaction in which “a Chinese state-owned company, reached a deal to sell the terminal, one of the busiest in the port, for $1.78 billion.” The piece also quotes the Port of Long Beach’s deputy executive director saying that the transaction process was intricate and involved one of “our most valuable port assets.” Buried at the bottom of the article is a sentence mentioning that the U.S. government, which regulates mergers for antitrust and security reasons, stepped in and required COSCO to sell its rights to the container terminal. What is being laid down via China’s Belt and Road isn’t something for today, but for tomorrow, next year, 50 years from now when China has a complete network of ports and trade routes that cover the globe and their hands on a powerful set of levers that give them full control of their supply chain and the geo-economic leverage to do what they please. The next step is to own and run ports (see map).
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Investment by China’s COSCO means that the port will be more likely to attract Chinese cargo.”.
While big Chinese state-owned firms began acquiring ports around the world rather quietly roughly a decade or so ago, now, under the strategic framework … Ocean shipping is, almost by definition, an international affair, and we need to ask if China’s recent maritime expansion is really anything out of the ordinary.
Ports certainly fit into that category. PSA (Port of Singapore Authority) operates terminals in 15 countries, Denmark's Maersk Line has 76 ports in 41 countries, Switzerland's Mediterranean Shipping Co (MSC) has 35 terminals in 22 countries, while Dubai's DP World runs 77 ports in 40 countries. According to Time Magazine, over 80% of the terminals in the Port of Los Angeles are run by foreign-owned companies, including the government of Singapore.
individuals, While national leaders put on smily faces and talk about “win-win” partnerships, international infrastructure projects like China's maritime developments are drawing up the new front lines of the 21st century, where economic leverage is the weapon of choice. It seems as if it is now almost daily news to hear about how a Chinese state-owned shipping firm has purchased a seaport or won the rights to develop a new ocean or land terminal in another country. Opinions expressed by Forbes Contributors are their own. With China, emerging markets can get an entire slate of development in one fell swoop. Judicial Watch, Inc. is a conservative, non-partisan educational foundation, which promotes transparency, accountability and integrity in government, politics and the law.
They provide China with a higher degree of self-reliance and decreases the amount of political and economic leverage that other countries can apply. NEW: Judicial Watch SUES Colorado to Force Clean Up of Voter Rolls! While seemingly irrational, inflated amounts of money are being passed over the table today, what China is receiving are strong footholds in the international arena that they will be able to stand upon for decades, creating a new geo-economic paradigm in the process. You may opt-out by. In a bid to bolster its position as a maritime powerhouse, secure key supply chains, enhance its international trade capacities, and build up geo-economic leverage, China has been buying up the development and operational rights to a chain of ports that stretch from the southern realms of Asia to the Middle East, Africa, Europe, and even South America. China’s International port holdings also tend to be very strategically positioned, not only connecting together like a dot-to-dot across the map of Eurasia but also linking in with the overland Silk Road at key junctions, providing China with a new array of options for getting commodities and goods in and out of the country -- a series of backdoors, if you will. While China's international port acquisitions may at first seem to be offensive maneuvers, their nature is inherent defensive. By owning and operating a complex network of key logistical nodes across Asia, Europe, and Africa, China can essentially control a huge portion of its inbound supply chain for essential commodities -- like energy resources from the Middle East -- and outbound trade routes for its exports. In the end, the issue comes down to the Bush Administration's ideology of privatizing everything from social security to port ownership. A corridor at the international airport at Hambantota.
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