Germany Proposed to Sop the Trade with Cosco Shipping International
The German government proposes to refuse Cosco Shipping International (00517) being listed as the largest company at the Hamburg cargo terminal. It can avoid excessive reliance on China and let the mainland face obstruction on overseas acquisition.
German media said that most German politicians have doubts about COSCO taking a stake in the Hamburg Terminal. They are not willing to pass the fundamental infrastructure to the Chinese people.
The Germany Financial Minister, Robert Habeck, worries that Cosco Shipping's stake will increase Germany's reliance on China. Therefore, he intends to disagree with this trade.
Hamburg is currently the third-largest European terminal and the 19th-largest port in the world.
Source: Channel C #Aug25
https://bit.ly/3KlwiBp
#Germany #Hamburg #FinancialMinister #RobertHabeck #CoscoShippingInternational
The German government proposes to refuse Cosco Shipping International (00517) being listed as the largest company at the Hamburg cargo terminal. It can avoid excessive reliance on China and let the mainland face obstruction on overseas acquisition.
German media said that most German politicians have doubts about COSCO taking a stake in the Hamburg Terminal. They are not willing to pass the fundamental infrastructure to the Chinese people.
The Germany Financial Minister, Robert Habeck, worries that Cosco Shipping's stake will increase Germany's reliance on China. Therefore, he intends to disagree with this trade.
Hamburg is currently the third-largest European terminal and the 19th-largest port in the world.
Source: Channel C #Aug25
https://bit.ly/3KlwiBp
#Germany #Hamburg #FinancialMinister #RobertHabeck #CoscoShippingInternational