China bolsters Europe foothold with Belt and Road expansion

Cosco-run Greek port to receive fresh investment to expand

20191113N Greek port

An aerial photo of the Piraeus Port in Greece, the largest port in the Mediterranean region. (Xinhua)

MOMOKO KIDERA and SHIN WATANABE, Nikkei staff writers

ATHENS/DALIAN, China -- In Greece, in Egypt and in France, top Chinese officials promoted the Belt and Road Initiative this week, defying U.S. skepticism toward the infrastructure-building program, and making clear their intent to expand its footprint in Europe.

"Seeing is believing," Chinese President Xi Jinping said Monday at Piraeus, the Greek port run by Chinese state-owned marine shipper Cosco Group. "I see here today that the Belt and Road Initiative is not a slogan or tale, but a successful practice and brilliant reality."

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.