Business vs. security
Chancellor Scholz has got his way: a Chinese state-owned company may acquire a stake in Germany's critical maritime infrastructure. Is the economic opportunity worth the risk of exerting influence? Contrary to the reservations of all six ministries involved, above all the lead ministry for economic affairs and the Foreign Office, as well as warnings from Brussels and the secret services, Federal Chancellor Olaf Scholz has decided to allow the port subsidiary of the Chinese maritime state-owned group Cosco to retain a stake in the Tollerort container terminal of the Hamburg port logistics company HHLA - a "word of power" from the Chancellor using his authority to issue directives. Between HHLA and Cosco Shipping Ports Limited (CSPL), the participation in the Container Terminal Tollerort was...
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