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Politics

Japan and China tussle over Asian ports

Beijing and Tokyo are locked in a strategic and commercial fight over sea lanes

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The port at Gwadar, Pakistan, is being updated and expanded as part of the China-Pakistan Economic Corridor initiative.   © Reuters

TOKYO Japan and China are snapping up rights in key Asian ports as they vie for control over a shipping route that is crucial to both their nations' interests.

Sihanoukville Autonomous Port, a Cambodian port operator, floated 25% of its shares on the local bourse on June 8. Then the Japan International Cooperation Agency purchased about half that amount.

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