Germany-China Relations: Germany approves China's investment in Hamburg port, many countries expressed concern
Germany-China Relations The issue of China's investment in the port of Hamburg has now become a problem for Western countries. Countries around the world have seen this decision of China-Germany as a threat to national security.
Staff Editor 
Germany has approved China's investment in the port of Hamburg. According to a report by US-based publication Politico, ministers from both China and Germany have signed a deal in the controversial Hamburg port deal. Government ministers from China and Germany have signed an agreement to allow Chinese shipping group COSCO to take a small stake in the controversial Hamburg port deal.
Many countries expressed concern
According to US-based publication Politico, many countries have seen the political strategy between the two countries as a threat to national security. According to reports, the Chinese firm has taken over one of the terminals of the port of Hamburg.
The agreement was approved after the concerns of the ministries
The decision between Germany and China comes after media reports showed German leader Olaf Scholz tried to push the deal despite concerns from several ministries. According to Politico, once the deal is finalized, China's shipping group Cosco will be allowed to buy only 24.9 percent, instead of the 35 percent shipping company that runs the terminal.
Made this issue sensitive
Russia's invasion of Ukraine has made the issue politically sensitive, as China's attempt to emerge as a global superpower has raised security concerns among Western countries. HHLA spokesman Hans-Jörg Hems said his company was in talks with the German government.
What HHLA spokesman Hans Jörg Hems said
Heames said the possibility of shorting Cosco's shares was discussed. We can envision it, but it is also dependent on CSPL (Cosco Shipping), he said. He said he expects a final settlement to be reached before the legal deadline for reviewing the investments on October 31.
Chinese firm already has this responsibility
It is noteworthy that Chinese firm COSCO already has stakes in two of Europe's largest ports in Rotterdam and Antwerp. China also controls the port of Piraeus in Athens and is all set to launch its plans to expand an inland rail terminal in Duisburg.
