{"id":31791,"date":"2022-10-28T17:13:57","date_gmt":"2022-10-28T14:13:57","guid":{"rendered":"https:\/\/www.al-sindbad.net\/germanys-scholz-defends-chinese-port-sale-stresses-need-to-diversify-ties\/31791\/"},"modified":"2022-10-28T17:13:57","modified_gmt":"2022-10-28T14:13:57","slug":"germanys-scholz-defends-chinese-port-sale-stresses-need-to-diversify-ties","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/germanys-scholz-defends-chinese-port-sale-stresses-need-to-diversify-ties\/31791\/","title":{"rendered":"Germany’s Scholz Defends Chinese Port Sale, Stresses Need to Diversify Ties"},"content":{"rendered":"

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German Chancellor Olaf Scholz on Thursday stressed the need for Europe to diversify its relations to ensure it is not dependent on any one nation, a day after he pushed through a decision to let a Chinese firm invest in a terminal at the country’s largest port.<\/p>\n

Businesses must ensure that they have multiple supply chains to obtain their goods and that their investments are not concentrated on just one country, added Scholz in a joint news conference with Greek Prime Minister Kyriakos Mitsotakis in Athens.<\/p>\n

“Those who had not considered this carefully enough for a long time are doing it now in light of the developments worldwide,” said Scholz when asked about Europe’s China ties.<\/p>\n

At the same time, Scholz defended the German government’s decision to allow China’s Cosco to take a 24.9% stake in a terminal in Hamburg as good and correct – one that brought on protest within the governing coalition over concerns about Chinese influence.<\/p>\n

He emphasized that the “ground and soil” of the port in Hamburg were state property and would never be privatised.<\/p>\n

The approved investment is less than the initially planned 35% stake that the Chinese shipping giant and logistics firm HHLA had aimed for and does not give Cosco any say in management or strategic decisions.<\/p>\n

(Reuters – Reporting by Andreas Rinke; Writing by Miranda Murray; Editing by Paul Carrel)<\/em><\/p>\n<\/div>\n

maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"

German Chancellor Olaf Scholz on Thursday stressed the need for Europe to diversify its relations to ensure it is not dependent on any one nation, a day after he pushed through a decision to let a Chinese firm invest in a terminal at the country’s largest port. Businesses must ensure that they have multiple supply …<\/p>\n","protected":false},"author":1,"featured_media":31792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-31791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/31791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=31791"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/31791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/31792"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=31791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=31791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=31791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}