How many European ports does China own?

Chinese Already Installed Control Over European Ports Chinese state-owned enterprises (SOEs) have stakes in 16 terminals in 13 different European ports, which represented, in 2019, a cargo volume of around 11 million standard containers (defined as TEUs: twenty-foot equivalent units, Figure 1).

How many international ports does China own?

96 ports
In a recent opinion piece published by the Daily Mail, former British Defense and International Trade Secretary Dr Liam Fox and former U.S. National Security Adviser Robert McFarlane noted that China now owns 96 ports around the world.

Who owns the Port of LA?

Los Angeles Board of Harbor Commissioners
#1 Container Port Since 2000 The Port is a department of the City of Los Angeles (also known as the Los Angeles Harbor Department) and is governed by the Los Angeles Board of Harbor Commissioners, a panel appointed by the Mayor of Los Angeles. Although the Port is a City department, it is not supported by City taxes.

Does China own a port in Greece?

Greece’s parliament has approved a new contract that allows Chinese state-owned shipping giant Cosco to buy an additional 16 percent stake in the Piraeus Port Authority (PPA), taking its total share of ownership to 67 percent.

What companies in UK does China own?

It reveals that Chinese investors own nearly £57bn of shares in the UK’s 100 biggest listed companies, dominated by a 49 per cent stake in HSBC worth £45bn. Investments valued at over £1bn have also been made in pharmaceutical giant AstraZeneca, oil and gas firms Shell and BP and alcohol company Diageo.

Where are China’s maritime stakeholders in Europe?

In this context, over the last decade, private and state-owned Chinese firms have acquired stakes in eight maritime ports in Belgium, France, Greece, Italy, the Netherlands, and Spain (Figure 2). Figure 2 – The Belt and Road Initiative and Chinese stakes in top European ports Source: Bruegel.

Where are Chinese companies investing in ports around the world?

Chinese companies are investing in ports around the world. Here are more than a dozen in the Mediterranean and Europe in which the Chinese state-owned enterprises COSCO Shipping Ports and China Merchants Port Holdings have acquired stakes.

What are China’s port deals with Europe all about?

The port deals are one of the clearest manifestations of Beijing’s ambitious plans to physically link China to Europe by sea, road, rail, and pipeline. The ports underpin the maritime half of the Belt and Road Initiative, snaking from the South China Sea across the Indian Ocean, through the Suez Canal and into the soft underbelly of Europe.

How many airports does China own in Europe?

Analysis by Bloomberg last year said that China now owned, or had a stake in, four airports, six maritime ports and 13 professional soccer teams in Europe. It estimated there had been 45\% more investment activity in 30 European countries from China than from the US, since 2008.