An investigation by German regional public broadcasters reported Wednesday that Scholz’s chancellery is pushing to approve efforts by Chinese state-owned shipping giant Cosco to buy a foothold in a container port in Hamburg, ignoring warnings from six federal ministries, including the Greens’ Vice Chancellor Robert Habeck, amid fears of risky economic over-dependence on Beijing.
ignoring warnings from six federal ministries, including the Greens’ Vice Chancellor Robert Habeck, amid fears of risky economic over-dependence on Beijing.
Reality:
Cosco and HHLA have been working together for more than 40 years. Cosco and HHLA had entered into initial talks about a shareholding in June 2021. Cosco originally wanted to take over 35 percent of the terminal operating company. However, several federal ministries protested against this, so that the cabinet set the quota at below 25 percent in October last year to prevent Cosco from acquiring a blocking minority.
You should not use politico for your primary source of information. In the best case they get it half right, often not even that.
Fuck Axel Springer publications. Why even spread this major source of misinformation here?
how much are they paying him?
or is he really that stupid?
He’s the former mayor of Hamburg and Hamburg’s current mayor that he gave over the reigns to really wants it because I would assume that from a pure money perspective it might be lucrative for the city.
but when has privatizing public infrastructure ever gone well, especially under foreign leadership?
I don’t know, I’m not condoning the move. But either way it’s already owned by a private company (and I’m also not sure if it can be considered public infrastructure)
yeah, didn’t really think about the definition of “public” at time of commenting. still, selling off any piece of infrastructure to china is just plain dumb.
Any specific reason to post a year old article?
Never mind that politico is agenda driven trash.
