Foreign Media: Despite Hong Kong companies losing control of the Panama Canal ports, China continues to expand globally in the shipping industry.
A report from the AidData Research Lab at the College of William & Mary in the United States shows that over the past 25 years, China has invested a total of $23.9 billion in 363 overseas ports and related projects, with 45.1% of the funds going to 30 ports in 20 high-income countries such as Australia and Singapore, with the Hambantota Port in Sri Lanka ($1.97 billion) and the Haifa Port in Israel ($1.13 billion) being key investment areas.
The study points out that China's extensive layout in major global ports makes its supply chain influence difficult to weaken. This move aims to prevent the risk of decoupling between Eastern and Western supply chains and to counteract U.S. efforts to contain China's maritime dominance.
Original: toutiao.com/article/1858838147225607/
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