Leap in Chinese overseas port investments

Leap in Chinese overseas port investments

China’s spending on overseas ports has doubled in the past 12 months as state-backed firms lead Beijing’s Belt and Road charge.

A study by Grisons Peak, a London-based investment bank, found that Chinese companies have announced plans to buy or invest in nine overseas ports in projects valued at a total of $20.1bn, in the 12 months to the end of June. In addition, discussions are underway for investments in several other ports, for which no value has been divulged.

In the same 12-month period through to the end of June 2016, Chinese companies spent $9.97bn by comparison.

The locations of the ports set for Chinese investments are clustered around three “blue economic passages” that Beijing named in June as crucial to the success of One Belt, One Road, the giant infrastructure development project linking Asia with Europe.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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