Annual Reports Annual Report 2019-20 Annual Report 2018-19 Annual Report 2017-18 Annual Report 2016-17 Annual Report 2015-16 Annual Report 2014-15 Annual Report 2013-14 Annual Report 2012-13 Annual Report 2011-12 China’s corporate giant COSCO Shipping Ports Limited has titled its 2018 annual report “Strengthening Global Footprint”. All Annual Reports Interim Reports. This is largely a question of administrative arrangements and bureaucratic efficiency. China’s corporate giant COSCO Shipping Ports Limited has titled its 2018 annual report Strengthening Global Footprint.Indeed, China’s investment in overseas ports is one of the most tangible incarnations of the country’s Cosco Shipping Ports is a leading port operator and investor in China. The two largest companies that dominate Chinese overseas port acquisitions, COSCO and China Merchants Group, are driven by a logic of profit-making. In fact, the largest share of Chinese overseas investment in ports has taken the form of minority stakes. It is also one of the world's largest container port operators with a total annual handling capacity of approximately 120 million TEUs. The same year, China Merchants Group handled 20.66 million TEU in its overseas terminals, 18.9% of its total capacity. The articles translated for this issue of China Trends show how Xi’s decision has radically changed the tone and the direction of the discussion in China. China Merchants Group holds only 33% of Djibouti’s Doraleh Container Terminal. This comes with very little influence, if any, on the governance of ports. It is also one of the world's largest container port operators with a total annual handling capacity of approximately 120 million TEUs. Before Djibouti, the debate focused on the pros and cons of building military bases overseas, in particular from the perspective of the non-interference principle. The State Oceanic Administration estimates that China’s "blue GDP" (encompassing all sectors of the maritime economy) represents 10% of the country’s GDP, and seven Chinese ports are in the world’s top ten. Stockhouse.com use cookies on this site. COSCO holds majority stakes in terminals in four ports only: Piraeus (100%), Abu Dhabi (90%), Zeebrugge (85%) and Valencia (51%). However, China should be expected to only build new military facilities when there are concrete non-traditional threats against the country’s overseas interests – opportunities created by crises will be seized to continue the transformation of China’s security posture from a regional to a global one. By continuing to use our service, you agree to our use of cookies. Should we think of port investment in terms of political control and influence or normal business relations? Since Djibouti, the Chinese strategic community takes for granted that the People’s Liberation Army (PLA) – and especially the navy – is building a logistical support network to ensure the success of future operations to protect Chinese overseas interests.

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