Greek port a modern symbol for global dominance between US and China
With the supply chain crisis putting a spotlight on ports around the world, China's outsized role in the global economy is front and center.
with the supply chain crisis, putting a spotlight on ports around the world. China's outsized role in the global economy is front and center. We are in Greece where a chinese state owned shipping company. Costco owns a majority of this sport and business is booming. The ports across Athens there is as ancient as the city itself, we weren't allowed to film at the ports. Costco didn't respond to our request for an interview. So we took to the sea, a chinese Costco ship is waiting to dock another is unloaded. This sport is one of many major infrastructure projects carried out by chinese companies, always with the backing of Beijing china's growing footprint here. A good thing to some by use today is the fastest growing part of the world thanks to the volume and the management of Costco. But these greek dog workers disagree. Costco has a greediness increase profitability and this is affecting our income is affecting our rights, it's affecting our safety. The chinese have gained a greek report but they don't have greek hearts. Yes, chinese companies have spent billions of dollars on ports like pariahs in Peru de Djibouti, sri, Lanka Pakistan and Israel according to data compiled by conservative think tank Ai and now Beijing is considering pouring state money into a major ports in Iran, this is all about increasing global connectivity. Such that china is at the center of world wide trade, financial and technology networks. Xi Jinping's vision is for a china centric eastern hemisphere at the least. And possibly for chinese preeminence worldwide, experts say the U. S. Is offering no real competition for china when it comes to these ports worldwide. This is a story not just about chinese activity but about american in activity, but today china's global investments are under increasing scrutiny. Some, like the ports in Greece a lucrative and seems strategically smart. What Perea's gives them is an entryway into europe. But experts say many look like they could be bad business deals with china facing economic problems of its own. Today's international shipping crisis will test china's global strategy as well as the world economy keir Simmons NBC News, Athens Greece.