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Belt and Road

China drops $11bn anchors to expand Maritime Silk Road

State-owned operators Cosco and China Merchants dominate decade of spending

Greece has rejected China's plan to build an additional cargo terminal at Piraeus port amid concerns about growing Beijing influence.   © Reuters

DALIAN, China -- Chinese companies have poured nearly $11 billion into overseas ports during the past decade, gaining access to strategic maritime hubs as part of its Belt and Road initiative, an aggressive investment campaign that has raised concerns about Beijing's growing clout across the world. 

Chinese enterprises have invested in 25 port projects in 18 countries from 2010 through December, according to public documents reviewed by Nikkei. Though some projects have faced resistance or run into trouble, most ports that have accepted Chinese investments have fared well. The numbers indicate China is making strides on its vast infrastructure project. 

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