Boxed in at the Dock
The port of Piraeus has been the strategic jewel at the heart of Greece for 2,500 years—and now, it has become a showcase in action of China's Belt and Road Initiative. The port has been majority-owned since 2016 (and operated since 2009), by China Cosco Shipping, a state-owned giant, and the purchase of the port threw Greece an economic lifeline when it needed it most. Now, Fortune's Vivienne Walt tracks what Greece gave up in return. Fortune
The port of Piraeus has been the strategic jewel at the heart of Greece for 2,500 years—and now, it has become a showcase in action of China's Belt and Road Initiative. The port has been majority-owned since 2016 (and operated since 2009), by China Cosco Shipping, a state-owned giant, and the purchase of the port threw Greece an economic lifeline when it needed it most. Now, Fortune's Vivienne Walt tracks what Greece gave up in return. Fortune