Friday, September 8, 2017

''NYT sees Chinese investment in Greece through Western centrist lens'' By Liu Lulu posted Ntinos Vatikiotis

''According to a recent New York Times article, China has become Greece's "most ardent and geopolitically ambitious suitor."

"[Chinese investments] have begun to pay off, not only economically but also by apparently giving China a political foothold in Greece, and by extension, in Europe," the article said, adding that "it's a kind of neocolonialism without the gunboats."

The accusation is undoubtedly absurd. Colonialism is a policy of a nation seeking to exploit and pillage other territories by military, political or economic means, and involves unequal relationships between the colonial power and the colony. China's investments in Greece are mutually beneficial, and are not intended to pillage, manipulate or exploit the nation.

Different from the EU, which has treated Athens as a delinquent borrower, Beijing designates the country as a trusted partner, and has provided it with financial support. With an investment of half a billion euros ($594 million) from China COSCO, Greece's Piraeus has been transformed into the Mediterranean's busiest port, attracting nearly 1 million tourists in 2016, a 12-percent increase from 2015. The number of visitors to the port is estimated to reach a new high in 2017..''
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