A look at the state-owned maritime giant: how it came to be, its influence over the maritime industry, and why its reach has elicited concern.
A COSCO Shipping container ship lies in the harbor in Hamburg, Germany, Oct. 26, 2022. Credit: Michael Probst via AP
German Chancellor Olaf Scholz has greenlit a deal for Chinese shipping giant COSCO to buy a stake in the port of Hamburg, Germany’s largest, despite objections from six federal ministries and protests from several western capitals.
Following Germany’s misplaced bets on Russian energy, a chorus of critics believe it would be foolish to deepen the country’s dependence on China, which Berlin has deemed a “systemic rival.”
Data: COSCO SHIPPING Holdings Co. annual reports
But propo
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
